[Featured Stock] US Semiconductor Stocks Rally... SK Hynix Up 2.68%
Along with the strength of U.S. semiconductor stocks, SK Hynix's stock price is on the rise.
As of 10:20 a.m. on the 17th, SK Hynix was trading at 184,100 won, up 4,800 won (2.68%) from the previous trading day.
![[Featured Stock] US Semiconductor Stocks Rally... SK Hynix Up 2.68%](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
The previous day, the New York stock market saw a continued concentration on individual tech stocks with positive factors such as Broadcom (11.2%) and Micron (5.6%) due to earnings expectations, and the Philadelphia Semiconductor Index showed strength.
On this day, Go Young-min, a researcher at Daol Investment & Securities, said, "Due to short-term earnings visibility and the additional expansion of medium-term artificial intelligence (AI) demand, the fundamental strength still stands out the most," maintaining his top sector pick.
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He added, "Although the target stock price is lowered to 290,000 won due to downward revisions in next year's earnings estimates, since the stock price already reflects concerns about short-term weak earnings and average selling price (ASP) trends, a strategy to capture a leading stock price rebound is valid in this phase."
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