Movement Alert|SK hynix Rises 3.15% in Regular Trading, Micron Blowout Earnings and Goldman Sachs Buy Reaffirmation Lift Memory Sector

Market Focus
4 hours ago

On October 1, SK hynix rose 3.15% in regular trading, trading at approximately 190.00 USD/share, with turnover of 16.35 billion USD.

On the news front, Micron Technology reported Q4 fiscal-year results that massively beat expectations, with adjusted revenue of $54.229 billion — a nearly 380% year-over-year surge — and GAAP net income of $37.701 billion, up over 1,077% YoY. Micron's Q1 guidance also topped consensus, propelling the broader memory chip sector higher. Concurrently, Goldman Sachs released a memory price tracking report noting that TrendForce's Q4 contract price forecasts for PC DRAM, server DRAM, and NAND all came in above Goldman's own estimates, with enterprise SSDs emerging as the sole category showing accelerating price gains. The bank reaffirmed its Buy ratings on both Samsung Electronics and SK hynix.

Market consensus expects SK hynix's Q3 operating profit to reach approximately 70 trillion KRW, potentially marking a second consecutive quarter of record earnings, as AI-driven demand for HBM and enterprise storage continues to underpin the structural upcycle.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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