SK Hynix Surges Past $1 Trillion as Mirae Asset Sees Supply Squeeze Driving Shares to 3.8 Million Won
Published on 05/28/2026 at 09:42 | Redaktion boerse-global.de
The memory-chip maker that powers the world’s most advanced AI processors has crossed a valuation threshold that only a handful of tech giants have reached. SK Hynix, long viewed as a cyclical commodity supplier, is now being treated as a structural beneficiary of an infrastructure bottleneck that analysts expect to persist for years.
Shares hit an intraday peak of 2,289,000 won on Thursday, a fresh 52-week high, after closing Wednesday at 2,243,000 won — up 9.3% on the day. The rally briefly pushed the company’s market capitalisation above $1.12 trillion, cementing its place in the trillion-dollar club alongside domestic rival Samsung Electronics and U.S. peer Micron Technology, both of which crossed the same threshold in recent weeks.
The catalyst this week was a bold revision from Mirae Asset Securities. Analyst Kim Young-gun lifted his price target for SK Hynix by 18.8%, from 3.2 million won to 3.8 million won, arguing that the shortage of high-bandwidth memory (HBM), DRAM, and NAND flash could last until 2028. The call aligns with the company’s own guidance that chip demand will exceed supply for at least the next three years.
SK Hynix commands roughly 57% of the global HBM market by revenue, according to industry data from the fourth quarter. That dominance has given it unusual pricing power. Global memory-chip prices doubled in the first quarter of 2026 and are expected to climb another 63% in the current quarter. Mirae Asset projects DRAM average selling prices will rise 184% this year, with NAND increases even steeper at 231%.
Should investors sell immediately? Or is it worth buying SK Hynix?
The numbers underscore a fundamental shift in how the market values memory makers. No longer are they at the mercy of inventory cycles and consumer electronics swings. AI data centres are consuming vast quantities of premium memory chips, leaving smartphone, laptop, and automotive customers scrambling for leftover capacity. The result is a supply chain where orders are placed months in advance and available output is effectively sold out through year-end.
That scarcity has fed a remarkable run in SK Hynix shares. Year-to-date, the stock has climbed 238.11%. On a monthly basis the gain stands at 73.69%, a pace that has pushed the shares roughly 70% above their 50-day moving average. The relative strength index sits at 68.9 — hot but not yet in overbought territory, suggesting momentum could still extend if the fundamental story holds.
Part of the recent surge can be traced to shifts in ownership. Financial investors in South Korea have been net buyers of SK Hynix shares to the tune of 1.3 trillion won, while foreign investors have been net sellers. Meanwhile, retail demand has been amplified by new products: leveraged single-stock ETFs tracking SK Hynix and Samsung debuted with double-digit gains in Seoul, and a US-listed ETF focusing on the two Korean memory giants has attracted substantial inflows.
SK Hynix at a turning point? This analysis reveals what investors need to know now.
The broader South Korean market is now heavily skewed toward memory chips. SK Hynix and Samsung together account for roughly half the total market capitalisation of the KOSPI index. That concentration means the benchmark’s fortunes rest squarely on the duration of the HBM shortage — and on whether the price increases that have underpinned the rally can be sustained.
For now, the consensus is that they will. But the stock’s valuation leaves little room for disappointment. With the price far above its moving averages and expectations already baked into guidance, any signal of easing supply would test the thesis immediately. Until then, the combination of a structural demand shift and a constrained supply base continues to rewrite the rules for a chipmaker that was once dismissed as a cyclical also-ran.
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SK Hynix Stock: New Analysis - 28 May
Fresh SK Hynix information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
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