SK Hynix Rises 5% as Brokerages Launch Coverage with Bullish Ratings
Cantor Fitzgerald sees more than 100% upside as banks cite tight supply, higher margins and long-term AI demand for memory chips.
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(New York = Yonhap News) Correspondent Lee Ji-heon = Wall Street financial firms began coverage of SK Hynix American Depositary Receipts (ADRs) on the 4th (local time) and...
The Economic Times
Times of IndiaSK Hynix rises 5% as brokerages launch coverage with bullish ratings
SK Hynix shares jumped five percent as brokerages began coverage with positive assessments, spurred by the company's strong position within the artificial intelligence memory sector. Although there was a recent dip, the U.S. listing enhances global investor accessibility. Despite reporting record quarterly profits, shipment delays caused a miss on analyst expectations. Nonetheless, robust orders from U.S. tech firms bolster forecasts for ongoing…
SK Hynix rises as brokerages launch coverage with bullish ratings
Aug 4 : Recently listed U.S. shares of SK Hynix rose 5 per cent after six brokerages started coverage of the South Korean chipmaker with bullish ratings, citing its dominance in the booming AI memory market and access to a broader global investor base.The American Depositary Receipts of SK Hynix, whose primar
International credit rating agency Moody's has raised SK Hynix's credit rating to the A tier for the first time. This move reflects the company's competitiveness in the artificial intelligence (AI) memory market and improvements in earnings and cash generation. According to the credit rating industry on the 4th, Moody's upgraded SK Hynix's long-term issuer credit rating and senior unsecured debt credit rating by one notch from the existing 'Baa1…
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