On the 22nd, SK hynix(000660) is surging 8%. It is seen as the impact of SK hynix American depositary receipts (ADR) closing up 13% the previous night.
As of 9:12 a.m. that day, SK hynix is trading at 1,993,000 won on the Korea Exchange, up 157,000 won (8.55%) from the previous session.
Investor sentiment appears to have been boosted as artificial intelligence (AI) and semiconductor stocks finished higher on the New York stock market the previous night. SK hynix ADR (13.8%), Micron Technology (12.2%), Nvidia (2%), and Intel (5.9%) were strong.
In the securities industry, analysts are saying that SK hynix remains highly competitive despite concerns over China's Moonshot AI "Kimi K3."
Kim Dong-Won, head of research at KB Securities, said, "Since the recent unveiling of Kimi K3 by China's Moonshot AI, there have been concerns that algorithm efficiency could lead to reduced AI investment and weaker memory demand, but improvements in AI models and semiconductor efficiency are not factors that shrink AI investment; rather, they further stimulate AI demand by lowering service prices and expanding use cases."
In particular, he noted that B2B demand centered on AI data centers is improving earnings visibility. Kim said, "During the 2026–2027 memory upcycle, B2B sales centered on big tech and AI data centers will account for 70%," adding, "Accordingly, profit volatility will ease and earnings predictability will increase, supporting higher valuations."