Will SK hynix shares continue to soar?

Opinions are split over whether SK hynix stock prices will continue to soar despite a year-to-date price increase of 56 percent, with many analysts betting the semiconductor powerhouse will maintain dominance in the high-bandwidth memory (HBM) market, according to market watchers Wednesday. As of June, the firm’s market share stood in the 60 percent range, trailed by its global peers Micron and Samsung Electronics. On July 17, Goldman Sachs recommended underweighting for the firm, citing concerns about intensifying competition in the HBM market and price declines. This sent the share price down 9 percent, to around 260,000 won ($188), significantly lower than the previous high of 306,500 won, set July 11. Similarly, Hanwha Securities analyst Kim Kwang-jin said further price increases will be limited, with the possibility of a further downward price correction. “SK hynix is expected to retain its top position in the HBM market through next year, but competition will intensify. HBM output growth is projected to slow to 30 percent next year, significantly slower compared to the 90 percenWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times