POPA ReconUBS) SK Hynix's recent selloff appears to be disconnected from fundamentals. TP lowered to 3,000,000 won (previously 3.2 million won)
UBS) SK Hynix's recent selloff appears to be disconnected from fundamentals. TP lowered to 3,000,000 won (previously 3.2 million won) Q: Will the memory supply shortage last until 2028? I think so. Agentic AI is driving additional memory demand beyond HBM in several ways, including DDR5/LPDDR5 for CPU head nodes in general and AI servers, and NAND flash for KV cache and storage. We now forecast memory demand growth to accelerate into 2027, with DRAM bit end consumption growing 36% year-over-year compared to our forecast of 22% in 2026, and NAND flash growing from 20% to 23%. Almost all of the…
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