SK Hynix (OTC:HXSCF) shares soared over 9% on Thursday following the commencement of mass production of their latest high-bandwidth memory chips.
What Happened: The South Korean company has introduced the HBM3E chips, which feature 12 layers and offer 50% more capacity than the previous eight-layer versions.
This development positions SK Hynix ahead in the competitive race to meet the growing demand driven by artificial intelligence advancements.
The company, a primary supplier to NVIDIA Corp (NASDAQ:NVDA), plans to deliver these advanced chips to unnamed customers by the end of the year.
Samsung Electronics (OTC:SSNLF) had previously announced in July that it would supply its HBM3E 12-high units to customers in the latter half of this year. Meanwhile, Micron Technology Inc (NASDAQ:MU) disclosed earlier this month that it is shipping production-capable HBM3E 12-high units to key industry partners for qualification.
Why It Matters: In recent months, SK Hynix has experienced significant fluctuations in its stock price. Last week, the company's shares dropped to their lowest level since February after Morgan Stanley downgraded the stock, citing deteriorating memory conditions. This downgrade slashed the target price to 120,000 won from 260,000 won.
Despite this, SK Hynix has been riding a wave of optimism driven by the AI boom. In July, Goldman Sachs and Citigroup predicted further growth for the company, driven by high demand for AI and positive earnings forecasts. Goldman Sachs raised its stock-price target to 290,000 won, while Citigroup increased its prediction to 350,000 won.
Additionally, SK Group, the parent company of SK Hynix, announced a massive $56 billion investment in AI and semiconductor technology by 2026. This investment aims to bolster the company's supply chains for emerging technologies, including high-bandwidth memory chips.
Price Action: SK Hynix is currently trading at 180,100 won, with a surge of 8.95% on Thursday. The stock has gained 26.47% year-to-date, according to data from Benzinga Pro.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
SK海力士（OTC:HXSCF）股票週四大漲超過9%，因爲他們最新的高帶寬內存芯片開始大規模生產。
事件經過：這家韓國公司推出了具有12層的HBM3E芯片，比之前的8層版本容量增加了50%。
這一進展將使SK海力士領先於競爭對手，以滿足人工智能發展帶來的增長需求。
作爲英偉達公司（納斯達克:NVDA）的主要供應商，該公司計劃在年底前將這些先進芯片交付給未透露的客戶。
三星電子（OTC:SSNLF）此前在7月宣佈將向客戶供應其HBM3E 12高單元，而美光科技公司（納斯達克:MU）本月早些時候披露，正在向關鍵行業合作伙伴交付可生產的HBM3E 12高單元進行資格認證。
爲何重要：近幾個月來，SK海力士的股價經歷了顯著波動。上週，該公司的股價下跌至自2月以來的最低水平，摩根士丹利下調了該股票的評級，稱內存條件正在惡化。這個降級將目標價從260,000韓元下調至120,000韓元。
儘管如此，SK海力士一直在乘着人工智能熱潮的浪潮。摩根士丹利和花旗集團預測，受人工智能需求和積極收益預測推動，該公司將進一步增長。SK海力士將其股價目標提高到290,000韓元，而花旗集團將其預測增加到350,000韓元。
此外，SK海力士的母公司SK Group宣佈到2026年在人工智能和半導體科技方面進行560億美元的大規模投資。此投資旨在加強公司對新興技術，包括高帶寬內存芯片的供應鏈。
價格走勢：Sk Hynix目前以180,100韓元交易，在週四上漲了8.95%。根據Benzinga Pro的數據，該股已累計上漲26.47%。
圖片來自shutterstock
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
