Movement Alert｜SK hynix Falls 3.69% in Regular Trading, Morgan Stanley Target Cut Weighs on Memory Leader

Market Focus11-10 22:34

On November 10, SK hynix fell 3.69% in Regular Trading, trading at $129.78 per share, with turnover of $289 million.

The move coincided with a fresh negative sell-side update on the memory sector, after Morgan Stanley warned of a potential earnings cliff by 2028 and lowered its target prices for both Samsung Electronics and SK hynix, pressuring sentiment toward memory names.

That downgrade came despite still-strong operating backdrop signals for SK hynix. Recent reports said the company and Samsung Electronics were each preparing to invest more than 10 trillion won in ASML EUV tools to expand capacity, while SK hynix previously reported record third-quarter revenue of 104.62 trillion won and operating profit of 83.33 trillion won. The latest target cut nonetheless appears to have overshadowed those positives and weighed on medium-term cycle expectations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment