Reported about 1 year ago
According to Bloomberg, analysts from Goldman Sachs and Citigroup are optimistic about further gains for SK Hynix, a major supplier of Nvidia, after its shares surged over 100% in the past year. With 19 analysts upgrading forecasts due to AI potential and positive earnings expectations, Goldman raised its target to 290,000 won and Citigroup to 350,000 won. Despite concerns like high valuations and potential oversupply, SK Hynix remains attractive for investors as it anticipates record operating profits in memory chip demand for AI applications.
Source: YAHOO