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000660.KRX
SK Hynix
Information Technology · Semiconductors

South Korean semiconductor supplier and large memory chip maker specializing in DRAM and NAND flash memory.

HQ: South KoreaListed: South Korea

Historical AI Opinions

Audit every published iPulse AI forecast batch and immutable historical research document for SK Hynix.

Historical AI Opinions

SK Hynix Inc (000660.KRX) AI OPINIONS & ADVISOR ANALYSIS

Read and compare the 12 individual AI Advisor deep-dive reports, including their forecast paths, ratings, price targets, and reasoning.

Updated on 28 November 2025Deep analysis 28 November 2025

PublisherRusslan Ramdowar
25 min readAudit All Past Forecasts

1. Investment Thesis — Base Case

SK Hynix's future is intrinsically linked to the AI-driven demand for its leading products. This segment will be a powerful, high-margin growth engine, providing a strong tailwind for the next several years. However, the company remains exposed to the inherent cyclicality of the broader memory market. We assume the growth will be robust but subject to periodic inventory adjustments by major customers. The conventional DRAM and NAND markets will experience a moderate recovery, but this will eventually trigger new capacity additions across the industry, capping price upside and leading to a potential down-cycle towards the end of the forecast period. The company will successfully navigate this environment, with profits offsetting weakness elsewhere, leading to steady, albeit volatile, earnings growth and stock price appreciation over the five-year horizon.

Historical prices and published forecast

Historical prices and published forecastObserved prices and the selected advisor's published projection share a split-adjusted price basis. Prices after the forecast start are later observations, not information known at publication. Forecasts are uncertain. Values in KRW.-136.1K497.2K1.13M1.76M2.4MNov 2020May 2023Nov 2025May 2028Nov 2030Forecast starts
  • Observed price
  • Published advisor forecast
Observed prices and the selected advisor's published projection share a split-adjusted price basis. Prices after the forecast start are later observations, not information known at publication. Forecasts are uncertain. Values in KRW.
View chart values
Historical prices and published forecast — published chart values
SeriesDateValue (KRW)
Observed price2020-11-2597,200
Observed price2020-12-07118,000
Observed price2020-12-27115,600
Observed price2021-01-08134,125
Observed price2021-01-24134,125
Observed price2021-02-05125,000
Observed price2021-02-17129,250
Observed price2021-03-01144,800
Observed price2021-03-29132,000
Observed price2021-04-06143,000
Observed price2021-04-18138,000
Observed price2021-05-08127,875
Observed price2021-05-16117,500
Observed price2021-06-05128,750
Observed price2021-06-21122,000
Observed price2021-06-25128,500
Observed price2021-07-15123,500
Observed price2021-07-31115,000
Observed price2021-08-04121,000
Observed price2021-08-12100,500
Observed price2021-09-13106,875
Observed price2021-09-17104,214
Observed price2021-09-29100,000
Observed price2021-10-1192,800
Observed price2021-10-27101,500
Observed price2021-11-20114,750
Observed price2021-11-28114,750
Observed price2021-12-18122,250
Observed price2021-12-30131,000
Observed price2022-01-07124,875
Observed price2022-01-27119,000
Observed price2022-02-12131,000
Observed price2022-02-16130,500
Observed price2022-03-12118,000
Observed price2022-03-20123,750
Observed price2022-04-09112,500
Observed price2022-04-21113,000
Observed price2022-04-25108,000
Observed price2022-05-19113,000
Observed price2022-05-27104,000
Observed price2022-06-08104,750
Observed price2022-07-0288,750
Observed price2022-07-0693,200
Observed price2022-07-22101,875
Observed price2022-08-0397,000
Observed price2022-08-1192,550
Observed price2022-08-3195,200
Observed price2022-09-2484,250
Observed price2022-09-2881,200
Observed price2022-10-1895,800
Observed price2022-10-2693,900
Observed price2022-11-0382,700
Observed price2022-11-2385,200
Observed price2022-12-1779,600
Observed price2022-12-2975,000
Observed price2023-01-1086,650
Observed price2023-01-1885,750
Observed price2023-02-1193,475
Observed price2023-02-1593,150
Observed price2023-03-1184,950
Observed price2023-03-1579,100
Observed price2023-03-3188,600
Observed price2023-04-1290,300
Observed price2023-04-2487,200
Observed price2023-05-1086,900
Observed price2023-06-03109,840
Observed price2023-06-07108,000
Observed price2023-06-15119,000
Observed price2023-07-09112,600
Observed price2023-07-29123,700
Observed price2023-08-02119,500
Observed price2023-08-14114,900
Observed price2023-09-11115,950
Observed price2023-09-15121,400
Observed price2023-09-27115,050
Observed price2023-10-17130,000
Observed price2023-10-29117,700
Observed price2023-11-06133,000
Observed price2023-12-08127,500
Observed price2023-12-16138,350
Observed price2024-01-01142,067
Observed price2024-01-13133,600
Observed price2024-02-02132,600
Observed price2024-02-10144,000
Observed price2024-02-14149,350
Observed price2024-03-05165,800
Observed price2024-03-17160,700
Observed price2024-04-02186,300
Observed price2024-04-14188,250
Observed price2024-04-22171,575
Observed price2024-05-08177,500
Observed price2024-05-28202,500
Observed price2024-06-05193,700
Observed price2024-06-29235,375
Observed price2024-07-11236,000
Observed price2024-07-27191,075
Observed price2024-08-04165,400
Observed price2024-08-20199,700
Observed price2024-08-28179,300
Observed price2024-09-09157,000
Observed price2024-09-25172,200
Observed price2024-10-19193,450
Observed price2024-11-08200,500
Observed price2024-11-16172,350
Observed price2024-12-02158,800
Observed price2024-12-14177,700
Observed price2024-12-22168,500
Observed price2025-01-11201,375
Observed price2025-01-23223,250
Observed price2025-02-04194,850
Observed price2025-02-20214,000
Observed price2025-03-04186,100
Observed price2025-03-24211,500
Observed price2025-04-05179,700
Observed price2025-04-09165,000
Observed price2025-05-03186,717
Observed price2025-05-07189,583
Observed price2025-05-31207,100
Observed price2025-06-04217,500
Observed price2025-06-28284,375
Observed price2025-07-14297,500
Observed price2025-07-26265,125
Observed price2025-08-15273,800
Observed price2025-08-23252,250
Observed price2025-08-27260,000
Observed price2025-09-20352,000
Observed price2025-09-28342,000
Observed price2025-10-18468,875
Observed price2025-10-22478,750
Observed price2025-11-11611,500
Observed price2025-11-23532,750
Observed price2025-12-09582,000
Observed price2025-12-17541,000
Observed price2026-01-10752,500
Observed price2026-01-26736,000
Observed price2026-01-30909,000
Observed price2026-02-11860,000
Observed price2026-02-27987,800
Observed price2026-03-191,000,000
Observed price2026-03-31807,000
Observed price2026-05-021,000,000
Observed price2026-05-301,000,000
Observed price2026-06-271,000,000
Observed price2026-07-051,000,000
Observed price2026-07-092,186,000
Observed price2026-07-291,401,000
Observed price2026-08-221,710,333
Observed price2026-09-031,596,000
Observed price2026-09-111,812,000
Observed price2026-09-211,868,000
Observed price2026-09-221,840,000
Observed price2026-09-231,862,000
Published advisor forecast2025-11-27544,000
Published advisor forecast2026-05-28615,264
Published advisor forecast2026-11-28670,022
Published advisor forecast2027-05-28724,964
Published advisor forecast2027-11-28740,189
Published advisor forecast2028-05-28689,856
Published advisor forecast2028-11-28709,862
Published advisor forecast2029-05-28780,138
Published advisor forecast2029-11-28850,350
Published advisor forecast2030-05-28910,725
Published advisor forecast2030-11-28940,779

2. Scenarios & Signals

Bull case

The global adoption of AI accelerates beyond current expectations, creating a super-cycle for (). SK Hynix, maintaining its technological lead in and beyond, captures a dominant and commands significant . Simultaneously, a rapid refresh cycle for AI-enabled PCs and smartphones fuels a stronger-than-anticipated recovery in the conventional DRAM and NAND markets. Competitors struggle with their own technology transitions, leaving SK Hynix to capitalize on tight supply. Favorable government support and a benign macroeconomic environment allow for aggressive but efficient capacity expansion. This confluence of factors leads to record-breaking revenues and profitability, driving a substantial re-rating of the stock as the market prices it as a primary long-term beneficiary of the AI revolution, pushing its valuation to historic highs.

Bear case

The current AI investment boom proves to be a bubble, leading to a sharp and prolonged correction in data center spending. This results in a massive oversupply of and server DRAM, causing prices to collapse. A global economic recession simultaneously decimates consumer demand for electronics, plunging the NAND and conventional DRAM markets into a deep downturn. Intense pricing pressure from resurgent competitors, particularly Samsung and emerging Chinese players, severely erodes SK Hynix's margins. The company faces unexpected technical hurdles in its next-generation process nodes, causing it to lose its competitive edge. Escalating geopolitical tensions disrupt critical supply chains for manufacturing equipment, hindering future growth and leading to a significant contraction in earnings and a collapse in investor confidence and the stock's valuation.

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