KB Securities Maintains SK Hynix Buy Rating, 4.2M KRW Target Price on July 15

According to KB Securities, on July 15, the brokerage maintained its buy rating and target price of 4.2 million KRW for SK Hynix (000660), citing expectations that memory chip supply shortages will persist at least until 2028 due to expanding AI data center investments. Kim Dong-won, head of KB Securities' research division, stated that recent stock price declines reflect psychological concerns rather than fundamental changes in AI industry growth or memory supply dynamics, presenting a buying opportunity.
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