SK hynix shares jumped 8.55% on the Korea Exchange on July 22.
The price surge followed a 13.8% increase in the company’s American Depositary Receipts on the Nasdaq the previous night. Positive sentiment across the U.S. artificial intelligence and semiconductor sectors fueled the rally.
KB Securities expects improvements in AI models and semiconductor efficiency to stimulate further demand. Analysts maintain a positive outlook, citing increased earnings visibility and potential for higher valuations.