According to MP Doctor, as of 9:04 a.m. today, SamsungElectronics is trading at 357,500 won, up 17,000 won (4.99%) from the previous day, while SK hynix is trading at 2,854,000 won, up 274,000 won (10.62%) from the previous day.
Micron Technology projected in its earnings announcement after the market closed on the 24th (local time) that fourth-quarter revenue would reach $50 billion. This significantly exceeds the market consensus of $43.58 billion compiled by financial information provider LSEG CORPORATION. The earnings per share (EPS) forecast of $31 (±$1) also exceeded the market estimate of $25.84. As a result, Micron’s stock price surged by more than 15% in after-hours trading.
Analysts say these results demonstrate that demand for high-bandwidth memory (HBM) is surging due to the proliferation of generative AI. Sanjay Mehrotra, Micron’s CEO, stated, “We expect supply-demand tensions in the memory market to persist through 2027 and beyond due to expanding AI demand and structural supply constraints.”
Spurred by Micron’s strong earnings, expectations among securities analysts regarding SamsungElectronics and SK hynix are also rising. Nomura Securities raised its target price for SamsungElectronics from 590,000 won to 670,000 won. This represents an upside potential of more than 90% compared to SamsungElectronics’ closing price the previous day (340,500 won). Nomura Securities cited lower-than-expected provisions for performance-based bonuses as the reason why the company’s second-quarter earnings are expected to exceed forecasts.
Nomura Securities has also set a target price of 5 million won for SK hynix. This projection suggests the stock could nearly double from its current price of 2,854,000 won.
