SK Hynix (KOSE:A000660) Valuation Check After Sharp Short Term Share Price Pullback - Yahoo Finance

SK Hynix has experienced a notable short-term pullback, with its stock down around 19% over the past week, yet it continues to show strong momentum, with a 90-day return of over 100%. Despite this, va... Read original →

SK Hynix’s recent share pullback reflects a market recalibration of inflated AI memory expectations, not deteriorating fundamentals. Technologically, its HBM3E/HBM4 ramp directly gates NVIDIA’s GB200 and AMD’s MI300X deployment timelines, cementing memory as the pacing element in AI infrastructure. Geopolitically, any U.S. tightening on advanced equipment exports to its Wuxi packaging facility could force costly capacity shifts to Korea or Vietnam, lifting capex by over 15%. Samsung is exploiting this window with GDDR7 advances, while Micron deepens Azure-custom HBM ties to erode SK’s AI training dominance. Over the next 18 months, although HBM supply constraints persist, Samsung’s 2027 HBM4 volume production and CXMT’s emerging HBM2E efforts will compress SK’s current >30% market premium, pressuring valuation toward a sustainable 15x P/E.