$SPCX $SKHYNIX The first full quarterly earnings report crushed market expectations. Rising AI demand drove strong gains in memory suppliers SK Hynix, SanDisk, and Micron!!!
The release of the first full quarterly earnings report sent AI-related returns soaring. Revenue, profit, and EPS all far exceeded expectations, prompting analysts across the board to raise their price targets!! The memory sector is still facing supply shortages. In the short term, foreign investors have started building positions in SK Hynix instead of selling and driving the price down.
As for the current chart, SK Hynix has fairly strong support at 900. This rally, driven by the latest catalyst, has pushed the stock straight through 1000. If you got in early on a long position and want to play it safe, you can take some profits now!!!
#SKHYNIX #SPCX
The release of the first full quarterly earnings report sent AI-related returns soaring. Revenue, profit, and EPS all far exceeded expectations, prompting analysts across the board to raise their price targets!! The memory sector is still facing supply shortages. In the short term, foreign investors have started building positions in SK Hynix instead of selling and driving the price down.
As for the current chart, SK Hynix has fairly strong support at 900. This rally, driven by the latest catalyst, has pushed the stock straight through 1000. If you got in early on a long position and want to play it safe, you can take some profits now!!!
#SKHYNIX #SPCX