The world's largest home appliance and IT exhibition 'CES 2025' is creating a tailwind for artificial intelligence (AI) semiconductors, leading to a strong performance in semiconductor stocks on the 7th.
On this day, at 9:30 a.m. in the Korean securities market, SK Hynix is trading at 199,300 won, down 0.25% from the previous trading day. SK Hynix's shares jumped 3.35% to 206,500 won shortly after the opening, briefly returning to the '200,000 Hynix' status.
It has been three months since SK Hynix traded above 200,000 won, last occurring on Nov. 8, 2024 (203,000 won). SK Hynix saw its stock rise by 6.25% on the 3rd and 9.84% on the 6th, fueled by anticipation for the keynote speech from Jensen Huang, CEO of Nvidia, scheduled for that morning.
On this day, Lee Min-hee, a Research Institute analyst at BNK Investment & Securities, noted, "The strong demand for AI will continue, and with the delayed entry of competitors, the high bandwidth memory (HBM) boom will carry on into this year," also raising SK Hynix's target price from 250,000 won to 310,000 won.
Stocks related to semiconductors, including Samsung Electronics, Hanmi Semiconductor, DI, and IA, are mostly maintaining their upward momentum. In the previous day's New York stock market, Foxconn, which supplies parts to Nvidia, recorded its best-ever performance in the fourth quarter of last year, resulting in an over 3% increase in Nvidia's stock price.
Stocks related to semiconductors, such as Micron Technology (10.45%), TSMC (5.46%), ASML (7.58%), AMD (3.33%), Qualcomm (1.28%), and Broadcom (1.66%), also closed higher across the board. Supported by this, the Nasdaq Composite Index rose by 1.24%, and the Philadelphia Semiconductor Index jumped by 2.84%.