US Stock Market Move | SK Hynix (SKHY.US) soars nearly 20%, hitting a new high since listing.
On Tuesday, SK Hynix (SKHY.US) surged nearly 20%, hitting a new high since its listing, with a total market capitalization of $1.31 trillion.
On Tuesday, SK Hynix (SKHY.US) surged nearly 20%, reaching a new high since its listing with a total market value of $1.31 trillion. SemiAnalysis predicts that SK Hynix's average selling price (ASP) for DRAM in the second quarter of 2026 will increase by about 45% compared to the previous quarter, and the operating profit for the DRAM project will reach 550 billion South Korean won. The company's operating profit margin is expected to reach an all-time high. The SemiAnalysis report clearly states - "Be Greedy When Others Are Fearful", emphasizing that despite recent sharp fluctuations in memory chips causing concerns for investors, SK Hynix and other leading storage companies "remain one of the most attractive targets with risk-reward ratios in the semiconductor industry".
Furthermore, in a recent research report released by Nomura, the target price for SK Hynix's South Korean stock has been raised from 4 million won to 4.7 million won, representing a potential upside of over 100%.
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