0320 GMT - SK Hynix's earnings momentum is likely to strengthen in 2H, driven by rising memory prices amid robust AI demand, Daiwa Capital Markets' SK Kim says in a research report. SK Hynix and Nvidia unveiled a multi-year technology partnership for next-generation memory last week, the analyst notes.SK Group's chairman has provided guidance for doubling capacity until 2030, assuming supply shortages will persist due to AI demand. Daiwa also sees the Korean chip maker expanding equipment orders for the HBM4 memory chip, which will probably accelerate production in 2H. The brokerage raises the stock's target price to 3,600,000 won from 1,670,000 won to reflect valuation-method change, while maintaining the buy rating. Shares are 6.4% higher at 2,288,000 won. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 14, 2026 23:20 ET (03:20 GMT)
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