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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.