SK Hynix stock recently declined, prompting investors to circulate a '3 million won Hynix bingo card' meme outlining 9 conditions required for the stock to return to 3 million won. TSMC reports earnings on the 16th, with market participants viewing the results as a key test of AI demand sustainability amid peak-out concerns for AI semiconductor stocks. Analysts remain divided, with some forecasting short-term earnings slowdowns while others project continued AI supercycle momentum through 2028.
TSMC Reports June Revenue of 442.68 Billion Taiwan Dollars
TSMC recorded monthly revenue of 442.68 billion Taiwan dollars (approximately 20.8 trillion won) in June, setting a new record. First-half cumulative revenue reached 1.27 trillion Taiwan dollars (approximately 59.7 trillion won), up approximately 39% year-over-year. Market participants expect TSMC's earnings report on the 16th to provide clarity on AI semiconductor order volumes, advanced process utilization rates, and potential upward revisions to full-year revenue guidance.
The investor-created bingo card lists 9 conditions for SK Hynix to return to 3 million won: TSMC strong earnings, Samsung Electronics earnings surprise, AI investment expansion by Google, Microsoft, Meta, and Amazon, and strong results from SK Hynix and Seagate.
Korea Investment Securities Forecasts SK Hynix Q2 Operating Profit 8% Below Consensus
SK Hynix holds an investor relations meeting at 9am on the 29th to announce second-quarter earnings. On the 13th, Korea Investment Securities forecast SK Hynix's Q2 operating profit approximately 8% below market consensus, citing lower average selling price (ASP) growth due to high HBM revenue proportion and long-term supply agreement (LTA) pricing adjustments. The firm lowered full-year and next-year operating profit forecasts by 9% and 11% respectively, while maintaining a 'buy' rating and 3.8 million won target price.
On the 15th, KB Securities forecast Q2 operating profit above market consensus, projecting memory supply shortages driven by AI data center investment expansion to continue until at least 2028. The firm maintained a 4.2 million won target price, citing reduced earnings volatility from HBM production expansion and increased long-term supply contracts.
SK Group Chairman Choi Tae-won Comments on Stock Split Possibility
On June 10th (local time) at an ADR listing event, SK Group Chairman Choi Tae-won stated regarding stock split possibility: "If more requests come in, we will naturally review it," adding "we have not yet received related proposals." Stock splits increase share count to lower per-share price without changing company valuation, improving retail investor accessibility but not guaranteeing price appreciation.
Samsung Electronics conducted a 50-to-1 stock split in 2018, increasing shareholders from 140,000 to 750,000, with current shareholder count exceeding 4.2 million. Market observers note that with ETFs and fractional trading now widespread, stock split effects may be less pronounced than in the past.
FAQ
When does TSMC report earnings?
TSMC reports earnings on the 16th. The company recorded June revenue of 442.68 billion Taiwan dollars and first-half cumulative revenue of 1.27 trillion Taiwan dollars, up approximately 39% year-over-year.
When does SK Hynix announce Q2 earnings?
SK Hynix holds an investor relations meeting at 9am on the 29th to announce second-quarter earnings. Analyst forecasts range from 8% below consensus (Korea Investment Securities) to above consensus (KB Securities).
What did SK Group Chairman Choi Tae-won say about stock splits?
On June 10th (local time), Chairman Choi stated: "If more requests come in, we will naturally review it," while noting "we have not yet received related proposals." Samsung Electronics' 2018 stock split increased shareholders from 140,000 to over 4.2 million currently.
