[Click eStock] "SK Hynix Expected to Lead HBM Through Next Year"

Daishin Securities forecasted on the 2nd that SK Hynix will continue to lead the high-bandwidth memory (HBM) market until 2025. They issued a 'Buy' investment rating with a target price of 220,000 KRW.

Researcher Shin Seok-hwan of Daishin Securities projected SK Hynix's sales this year to increase by 81% year-on-year to 59.3 trillion KRW, and operating profit to turn positive, reaching 13.5 trillion KRW during the same period.

Researcher Shin stated, "As generative artificial intelligence (AI) computation shifts from the learning phase to the inference phase, the amount of HBM installed is explosively increasing to achieve better computational performance," adding, "Although competitors plan to mass-produce HBM3E, attention should be paid more to the rising demand for HBM and SK Hynix's global number one position rather than intensified competition."

He explained that while clear growth in demand for smartphones and general servers has not yet appeared, prices for DRAM and NAND are on an upward trend. He said, "This year, the mix improvement effect centered on high value-added products such as double data rate (DDR) 5 and HBM will become evident," adding, "Although NAND inventory remains at a high level, the price increase is greater, so the deficit in the NAND business division will rapidly shrink."

He continued, "The memory semiconductor market centered on HBM is in a structural growth phase," and added, "As a leader in HBM, SK Hynix will not only maintain a high market share this year but is also expected to sustain its market share next year."

This content was produced with the assistance of AI translation services.