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000660.KRX
SK Hynix
Information Technology · Semiconductors

South Korean semiconductor supplier and large memory chip maker specializing in DRAM and NAND flash memory.

HQ: South KoreaListed: South Korea

Historical AI Opinions

Audit every published iPulse AI forecast batch and immutable historical research document for SK Hynix.

Historical AI Opinions

SK Hynix Inc (000660.KRX) AI OPINIONS & ADVISOR ANALYSIS

Read the selected AI Advisor’s complete report, scenarios and forecast. Select Consensus for its investment thesis and a preview of advisor weights. Eligible access unlocks all 12 advisor reports and comparisons.

Updated on 28 November 2025Deep analysis 28 November 2025

PublisherRusslan Ramdowar
25 min readAudit All Past Forecasts
AI ThinkerAdvisor config deprecated

Investment Expert AI

Investment framework Framework

Model rating

Buy

5-Year Return Est.

+74.1%

Includes 0.13% annual net dividend contribution

Historical prices and published forecast

Historical prices and published forecastObserved prices and the selected advisor's published projection share a split-adjusted price basis. Prices after the forecast start are later observations, not information known at publication. Forecasts are uncertain. Values in KRW.-136.1K497.2K1.13M1.76M2.4MNov 2020May 2023Nov 2025May 2028Nov 2030Forecast starts
  • Observed price
  • Published advisor forecast
Observed prices and the selected advisor's published projection share a split-adjusted price basis. Prices after the forecast start are later observations, not information known at publication. Forecasts are uncertain. Values in KRW.
Quarterly Events ForecastPrice targets, total returns and complete scenario reasoning

Forecast prices in KRW. Returns are cumulative from the forecast anchor. Swipe horizontally to read every column.

QuarterForecastTotal returnScenario
₩615,264+13.1%Not Generated this time
₩670,022+23.2%Not Generated this time
₩724,964+33.3%Not Generated this time
₩740,189+36.1%Not Generated this time
₩689,856+26.8%Not Generated this time
₩709,862+30.5%Not Generated this time
₩780,138+43.4%Not Generated this time
₩850,350+56.3%Not Generated this time
₩910,725+67.4%Not Generated this time
₩940,779+72.9%Not Generated this time
ADVISOR CONFIGURATION DEPRECATED

1. Investment Thesis — Base Case

SK Hynix's future is intrinsically linked to the AI-driven demand for its leading HBM products. This segment will be a powerful, high-margin growth engine, providing a strong tailwind for the next several years. However, the company remains exposed to the inherent cyclicality of the broader memory market. We assume the HBM growth will be robust but subject to periodic inventory adjustments by major customers. The conventional DRAM and NAND markets will experience a moderate recovery, but this will eventually trigger new capacity additions across the industry, capping price upside and leading to a potential down-cycle towards the end of the forecast period. The company will successfully navigate this environment, with HBM profits offsetting weakness elsewhere, leading to steady, albeit volatile, earnings growth and stock price appreciation over the five-year horizon.

2. Scenarios & Signals

2.1. Bull Case

The global adoption of AI accelerates beyond current expectations, creating a super-cycle for High Bandwidth Memory (HBM). SK Hynix, maintaining its technological lead in HBM4 and beyond, captures a dominant market share and commands significant pricing power. Simultaneously, a rapid refresh cycle for AI-enabled PCs and smartphones fuels a stronger-than-anticipated recovery in the conventional DRAM and NAND markets. Competitors struggle with their own technology transitions, leaving SK Hynix to capitalize on tight supply. Favorable government support and a benign macroeconomic environment allow for aggressive but efficient capacity expansion. This confluence of factors leads to record-breaking revenues and profitability, driving a substantial re-rating of the stock as the market prices it as a primary long-term beneficiary of the AI revolution, pushing its valuation to historic highs.

2.2. Bear Case

The current AI investment boom proves to be a bubble, leading to a sharp and prolonged correction in data center spending. This results in a massive oversupply of HBM and server DRAM, causing prices to collapse. A global economic recession simultaneously decimates consumer demand for electronics, plunging the NAND and conventional DRAM markets into a deep downturn. Intense pricing pressure from resurgent competitors, particularly Samsung and emerging Chinese players, severely erodes SK Hynix's margins. The company faces unexpected technical hurdles in its next-generation process nodes, causing it to lose its competitive edge. Escalating geopolitical tensions disrupt critical supply chains for manufacturing equipment, hindering future growth and leading to a significant contraction in earnings and a collapse in investor confidence and the stock's valuation.

4. References & Context

Search behavior, retained evidence, supplied context, and response token details.
Prompt Tokens: 528Thinking Tokens: 2,081Response Tokens: 8,194Total Tokens: 10,803
Thinker modeThinker · no external search

This Thinker run did not use external web search. The model relied on the supplied research context and its internal reasoning.

Context supplied to the model

Public-safe inputs retained with this immutable forecast publication.

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    Market data

    Input Prompt Market Equity Balanced System Instruction Driven Equity H5y S6m Brief Invest Thesis Ts Num Rsk Drv Var1

  2. 02

    Global context in this run

    Not used

  3. 03

    Fundamental data in this run

    Not used

  4. 04

    Forecast output requested

    Output Json Equity H5y S6m Brief Invest Thesis Ts Num Rsk Drv Var1

Original published forecast

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