SK Hynix $SKHY has seen a number of negative catalysts recently, and the stock price has been under pressure too. Let me share a few observations~
The news flow around SK Hynix lately really doesn’t look great.
Rumor has it that Nvidia may reduce HBM for Rubin Ultra, Hynix is carrying out a major capacity expansion, and the company’s earnings have also come in below expectations. Even in Korea’s investment community, stories have started circulating about “Hynix giving Nvidia a 50% discount in exchange for GPUs.” For a while, it almost looked like a meeting of bad news.
But if you break these items apart, I think many things are not as bleak as they seem. In fact, I believe a few points might be interpreted the opposite way by the market right now.
I still hold the same view: what’s truly worth worrying about isn’t short-term moves in the stock price, but whether the demand logic for AI memory has changed.
So far, I haven’t seen that logic being broken.
Of course, I don’t know whether the stock price will keep falling. But if it’s only because the market suddenly starts worrying that “HBM can’t be sold,” then I think that concern is still a bit premature—at least for now.
$SKHY #海力士
The news flow around SK Hynix lately really doesn’t look great.
Rumor has it that Nvidia may reduce HBM for Rubin Ultra, Hynix is carrying out a major capacity expansion, and the company’s earnings have also come in below expectations. Even in Korea’s investment community, stories have started circulating about “Hynix giving Nvidia a 50% discount in exchange for GPUs.” For a while, it almost looked like a meeting of bad news.
But if you break these items apart, I think many things are not as bleak as they seem. In fact, I believe a few points might be interpreted the opposite way by the market right now.
I still hold the same view: what’s truly worth worrying about isn’t short-term moves in the stock price, but whether the demand logic for AI memory has changed.
So far, I haven’t seen that logic being broken.
Of course, I don’t know whether the stock price will keep falling. But if it’s only because the market suddenly starts worrying that “HBM can’t be sold,” then I think that concern is still a bit premature—at least for now.
$SKHY #海力士