SK Hynix is trading 10.1% up now at $166.34 after Morgan Stanley upgraded the stock to Overweight and issued a bullish report forecasting a prolonged global memory shortage.
- Analysts raised the price target and labeled the recent selloff a buying opportunity, citing a coming memory supercycle.
- The rally is supported by expectations of tighter DRAM/NAND supply and surging AI-driven demand, which are projected to boost earnings through 2027.