0700 GMT - SK Hynix's 2Q earnings are set to improve on a fast rebound in memory-chip prices, HSBC analysts Ricky Seo and Hankil Chang write in a note. The South Korean memory-chip maker is likely to benefit from strong capex growth at Chinese cloud-computing service providers and inventory-restocking demand for smartphone and personal-computer memory products, the analysts say. Artificial-intelligence-enhanced devices using more memory products and a cut in NAND chip production also support the earnings improvement, they add. HSBC raises its target price for the stock by 6.3% to KRW340,000 and keeps a buy rating. Shares end 3.4% higher at KRW184,400. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
April 25, 2025 03:00 ET (07:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。