SK Hynix Stock Soars Past ₩600,000: What's the Forecast?
SK Hynix stock is capturing investor attention after surpassing ₩600,000 during trading on November 3rd. This surge is largely attributed to positive news surrounding the company's strengthened collaborations with global tech giants.
According to NXT, as of 6:41 PM on November 3rd, SK Hynix shares were trading at ₩628,000. Recently, SK Hynix has been focused on bolstering its technological competitiveness by expanding partnerships with key players such as Nvidia, OpenAI, and TSMC.
Collaborations with Nvidia, OpenAI, and TSMC
Collaborations with Nvidia, OpenAI, and TSMC: SK Hynix is pursuing HBM (High Bandwidth Memory) cooperation and digital twin technology collaboration with Nvidia. High Bandwidth Memory is a critical technology for data-intensive fields like artificial intelligence and high-performance computing. Digital twin technology replicates real-world machines, equipment, and objects in a virtual environment.
The company has also signed a high-performance memory supply contract with OpenAI, demonstrating SK Hynix's crucial role in the advancement of artificial intelligence. OpenAI, the developer of ChatGPT, is a leader in the AI sector.
SK Hynix plans to strengthen its technological competitiveness through joint development of next-generation HBM base dies with TSMC. TSMC, the world's largest foundry (semiconductor manufacturing company), is expected to create synergy in the development of next-generation memory technology through its collaboration with SK Hynix.
Positive Assessment from Nvidia CEO Jensen Huang: Nvidia CEO Jensen Huang has praised the technological prowess of Samsung Electronics and SK Hynix, emphasizing their collaborative relationships. Nvidia, a leader in the GPU (Graphics Processing Unit) field, is expected to solidify its competitive advantage in the high-performance memory market through its partnership with SK Hynix.
Jensen Huang also announced the planned launch of Rubin, a new GPU architecture, in the second half of next year. This is expected to further strengthen the partnership with SK Hynix. The new GPU architecture is anticipated to deliver faster speeds and improved performance.
Analysts Raise Target Stock Price
Domestic and international securities firms are highly optimistic about SK Hynix's growth potential and are raising their target stock prices. This reflects expectations for the company's growth potential based on its technological capabilities and global collaborations.
Nomura Securities has set a target stock price of ₩840,000 for SK Hynix. Goldman Sachs and Bank of America (BoA) have projected ₩700,000 each. Upward revisions of target stock prices can improve investor sentiment and drive stock price increases.
Securing a competitive advantage in the HBM market is a major factor driving the stock's rise. Demand for High Bandwidth Memory is surging in data-intensive fields such as artificial intelligence and high-performance computing, and SK Hynix holds a leading position in this market.
Importance of HBF (High Bandwidth Fabric) Development Highlighted: Meanwhile, former Gangwon Province Governor Lee Kwang-jae and KAIST Professor Kim Jung-ho emphasized the importance of HBF (High Bandwidth Fabric) development and talent cultivation at NewsTomato on October 30th. HBF is a core technology that efficiently connects high-bandwidth memory (HBM) and increases data processing speed.
Professor Kim Jung-ho also proposed that domestic companies acquire AMD and Broadcom, urging active investment to strengthen technological competitiveness. This highlights the need for aggressive investment and technological innovation for domestic companies to gain an edge in competition with global tech firms.
