SK Hynix is trading 25.3% up now at KRW 1,656,500, rebounding sharply from recent earnings-driven losses following a bullish analyst initiation.
- UBS initiated coverage of SK Hynix ADRs with a Buy rating and a $204 target, citing strong agentic AI-driven memory demand through 2027.
- The broader DRAM sector is surging on record earnings and bullish AI forecasts, providing additional tailwinds for the stock.