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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 11 individual AI Advisor deep-dive reports, including their forecast paths, ratings, price targets, and reasoning.

Updated on 11 April 2026Deep analysis 11 April 2026

PublisherRusslan Ramdowar
25 min readAudit All Past Forecasts

1. Investment Thesis — Base Case

I assess SK Hynix as an Empire. It will solidify its dominion over the AI compute rails, extracting toll-booth economics from the captive hyperscaler ecosystem over the next five years. The reflects early hyper-profitability driven by artificial scarcity, followed by a mid-cycle , and ending in stabilized dominion. At 1,000,000 KRW, the market cap is immense, but entirely justified by 50-plus percent that defy historical memory cycles.

  • MR-MUF structural packaging advantage holds firmly through the entire HBM3E and generation.
  • Helium supply constraints successfully enforce supply discipline, dramatically boosting spot and contract pricing through 2026 and 2027.
  • A natural hits in 2028 as AI ROI metrics force a temporary pause.
  • Next-generation architectures reignite the compute cycle in 2029 and 2030.
  • hard-fencing mandates lock in SK Hynix as the premier Western-allied infrastructure partner.
  • The implied expands moderately but sustainably as cyclicality is permanently removed from the segment.

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.-136.1K497.2K1.13M1.76M2.4MApr 2021Oct 2023Apr 2026Oct 2028Apr 2031Forecast 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 price2021-04-06143,000
Observed price2021-04-30128,000
Observed price2021-05-04132,000
Observed price2021-05-16117,500
Observed price2021-06-05128,750
Observed price2021-06-21122,000
Observed price2021-06-29125,000
Observed price2021-07-23118,500
Observed price2021-08-04121,000
Observed price2021-08-12100,500
Observed price2021-08-24103,250
Observed price2021-09-13106,875
Observed price2021-09-21105,071
Observed price2021-10-1192,800
Observed price2021-10-1997,700
Observed price2021-11-08107,500
Observed price2021-11-16112,000
Observed price2021-12-10120,500
Observed price2021-12-14121,000
Observed price2021-12-30131,000
Observed price2022-01-15128,000
Observed price2022-01-27119,000
Observed price2022-02-12131,000
Observed price2022-02-24122,500
Observed price2022-03-20123,750
Observed price2022-04-01116,000
Observed price2022-04-05116,500
Observed price2022-04-25108,000
Observed price2022-05-19113,000
Observed price2022-05-27104,000
Observed price2022-05-31107,000
Observed price2022-06-2491,400
Observed price2022-07-0288,750
Observed price2022-07-22101,875
Observed price2022-07-26100,000
Observed price2022-08-1192,550
Observed price2022-08-3195,200
Observed price2022-09-0890,400
Observed price2022-09-2881,200
Observed price2022-10-1495,500
Observed price2022-10-1895,800
Observed price2022-11-0382,700
Observed price2022-11-1591,600
Observed price2022-12-0581,000
Observed price2022-12-2975,000
Observed price2023-01-0682,550
Observed price2023-01-1885,750
Observed price2023-02-0392,325
Observed price2023-02-1193,475
Observed price2023-03-0387,300
Observed price2023-03-0788,900
Observed price2023-03-1579,100
Observed price2023-04-0484,500
Observed price2023-04-1290,300
Observed price2023-05-1086,900
Observed price2023-05-26109,200
Observed price2023-06-07108,000
Observed price2023-06-15119,000
Observed price2023-07-09112,600
Observed price2023-07-17117,200
Observed price2023-07-25113,400
Observed price2023-07-29123,700
Observed price2023-09-11115,950
Observed price2023-09-15121,400
Observed price2023-09-27115,050
Observed price2023-10-13124,700
Observed price2023-10-29117,700
Observed price2023-11-06133,000
Observed price2023-11-30133,900
Observed price2023-12-08127,500
Observed price2023-12-12131,000
Observed price2024-01-01142,067
Observed price2024-01-21141,000
Observed price2024-02-02132,600
Observed price2024-02-06135,150
Observed price2024-03-01158,120
Observed price2024-03-17160,700
Observed price2024-03-29183,000
Observed price2024-04-14188,250
Observed price2024-04-22171,575
Observed price2024-04-30175,133
Observed price2024-05-24198,600
Observed price2024-06-05193,700
Observed price2024-06-21233,875
Observed price2024-07-11236,000
Observed price2024-07-19210,625
Observed price2024-07-23206,750
Observed price2024-08-04165,400
Observed price2024-08-20199,700
Observed price2024-09-09157,000
Observed price2024-09-21158,700
Observed price2024-10-11186,000
Observed price2024-10-31186,300
Observed price2024-11-08200,500
Observed price2024-11-12185,800
Observed price2024-12-02158,800
Observed price2024-12-18183,500
Observed price2024-12-22168,500
Observed price2025-01-07197,250
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 price2025-04-01197,000
Observed price2025-04-09165,000
Observed price2025-04-29180,800
Observed price2025-05-15205,250
Observed price2025-05-27205,500
Observed price2025-06-20249,375
Observed price2025-07-14297,500
Observed price2025-07-18270,250
Observed price2025-08-07257,500
Observed price2025-08-15273,800
Observed price2025-08-23252,250
Observed price2025-09-12328,500
Observed price2025-09-28342,000
Observed price2025-10-10409,682
Observed price2025-10-14418,750
Observed price2025-11-07596,250
Observed price2025-11-11611,500
Observed price2025-11-23532,750
Observed price2025-12-17541,000
Observed price2026-01-02677,000
Observed price2026-01-06726,000
Observed price2026-01-30909,000
Observed price2026-02-11860,000
Observed price2026-02-27987,800
Observed price2026-03-07888,500
Observed price2026-03-191,000,000
Observed price2026-03-31807,000
Observed price2026-04-241,000,000
Observed price2026-05-221,000,000
Observed price2026-06-191,000,000
Observed price2026-07-051,000,000
Observed price2026-07-092,186,000
Observed price2026-07-211,836,000
Observed price2026-07-291,401,000
Observed price2026-09-031,596,000
Observed price2026-09-111,812,000
Observed price2026-09-151,690,000
Observed price2026-09-211,868,000
Observed price2026-09-231,862,000
Published advisor forecast2026-04-101,000,000
Published advisor forecast2026-07-101,080,000
Published advisor forecast2026-10-101,134,000
Published advisor forecast2027-01-101,202,040
Published advisor forecast2027-04-101,153,958
Published advisor forecast2027-07-101,200,117
Published advisor forecast2027-10-101,260,123
Published advisor forecast2028-01-101,159,313
Published advisor forecast2028-04-101,101,347
Published advisor forecast2028-07-101,101,347
Published advisor forecast2028-10-101,134,388
Published advisor forecast2029-01-101,191,107
Published advisor forecast2029-04-101,238,751
Published advisor forecast2029-07-101,275,914
Published advisor forecast2029-10-101,250,395
Published advisor forecast2030-01-101,300,411
Published advisor forecast2030-04-101,365,432
Published advisor forecast2030-07-101,392,740
Published advisor forecast2030-10-101,434,523
Published advisor forecast2031-01-101,491,904
Published advisor forecast2031-04-101,521,742

2. Scenarios & Signals

Bull case

If the Empire accelerates, the stock will push toward 1,800,000 KRW. This occurs if the Base Case is amplified by flawless strategic execution and unlocked by a massive stock split. SK Hynix successfully pioneers ahead of schedule, completely freezing Samsung out of the next-generation architecture.

  • Corporate stock split triggers a massive wave of retail and passive index capital.
  • locks in absolute monopoly status for the Nvidia Rubin cycle.
  • Hyperscaler ROI on validates further exponential expansion.
  • US sovereign manufacturing subsidies drastically lower the cost of geopolitical compliance.

Bear case

If the Empire overreaches, the stock collapses back toward the 500,000-600,000 KRW range. This requires the Qatar helium blockade to outlast SK Hynix's 6-month buffer, physically halting production and destroying the Nvidia . Simultaneously, macroeconomic tightening crushes budgets.

  • Helium buffer exhaustion forces severe line shutdowns and catastrophic yield degradation.
  • Warsh '' shock triggers a severe global recession, halting AI hardware procurement.
  • Samsung successfully cracks TC-NCF yield issues, flooding the market and breaking SK Hynix's .
  • successfully pivot to , permanently shrinking the .

Current crowd narrative

The noisy market believes SK Hynix is a pure beta play on Nvidia's momentum, riding an endless wave. Sell-side models extrapolate infinite , treating as a commoditized necessity where SK Hynix simply got there first. They view the current Qatar helium shortage as a temporary logistical hiccup, and assume Samsung will naturally revert to a 50/50 split by 2027 through brute-force . The anchoring bias is that memory is historically cyclical, and thus SK Hynix's dominance is merely temporary.

Alpha-gap assessment

The crowd misprices the structural permanence of SK Hynix's MR-MUF packaging moat. This is not a cyclical head start; it is an engineering chokepoint that prevents Samsung from competing on yield and thermal efficiency. Furthermore, the crowd misunderstands the helium . In a commoditized market, supply shocks destroy margins. In an inelastic chokepoint, supply shocks enforce discipline and grant absolute . SK Hynix is not just a supplier; it is the toll booth for the AI economy. The is that margins will violently expand despite supply constraints, permanently separating them from competitors.

Convergence catalyst

The Q2 and Q3 2026 earnings prints will definitively prove that helium-driven supply constraints translated into unprecedented , delivering that shatter consensus. Simultaneously, the official announcement of a corporate stock split will ignite retail and passive inflows, closing the by late 2026.

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