SK Hynix (SKHY) Stock: Declines Despite Bullish Wall Street Ratings and AI Memory Optimism

TLDR

• SK Hynix shares fell 2.17% to $151.03 despite positive analyst coverage.
• Six Wall Street firms initiated buy-equivalent ratings after the U.S. ADR listing.
• Analysts expect AI memory demand to support long-term growth in HBM chip sales.
• Cantor Fitzgerald and Rosenblatt set price targets of $300 and $320, respectively.
• SK Hynix plans to increase shareholder returns following record quarterly profits.

SK Hynix (NASDAQ: SKHY) shares closed at $151.03, down 2.17% on Wednesday, even as Wall Street firms launched coverage with bullish ratings following the company’s recent U.S. listing. The decline came during a broader semiconductor selloff, while analysts continued to point to strong long-term demand for AI memory chips.

Although the stock remains below its July listing price, several brokerages maintained positive views based on SK Hynix’s position in the high-bandwidth memory (HBM) market and growing demand from artificial intelligence infrastructure projects.

Wall Street Begins Coverage With Positive Ratings

At least six research firms initiated coverage of SK Hynix’s U.S.-listed American depositary receipts with buy-equivalent ratings. Analysts pointed to the company’s leadership in HBM chips, which are widely used in AI accelerators and advanced data center hardware.

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