SK Hynix Stock Drops 10.37% Amid Volatility While Institutions Back HBM4 Tech Edge

SK Hynix shares fell sharply to 1.422M won, yet analysts maintain bullish outlooks citing HBM4 leadership, strong LTA stability, and expected ASP growth despite short-term price swings.

Woofun AI reports that SK Hynix shares experienced significant volatility, dropping 8.79% on August 3 before a brief rally, followed by a 10.37% decline on August 6 to close at 1.495 million won, and a further 4.88% drop on August 7 to 1.422 million won. Amid this turbulence, SK Group released an advertisement adapting founder Choi Jong-kon's quote to express confidence in the AI industry's long-term development, framing market uncertainties as potential expectations.

Securities firms assert that short-term fluctuations do not alter SK Hynix's fundamentals, emphasizing its HBM4 technological lead and Long-Term Agreement (LTA) stability. Hyundai Motor Securities projects Q3 DRAM and NAND bit growth of 9.7% and 1.5% respectively, with DRAM ASP rising 19.9% quarterly. SK Securities highlights strong HBM supply-demand imbalance below 70% and notes that ADR revaluation and Kioxia asset sales may accelerate the company's path to 100 trillion won in net cash.