Korean securities firms have diverging views on the outlook for SK Hynix, with the core disagreement centering on whether AI demand can drive long-term growth.

Odaily reported that Korean securities firms are showing clear divergence in their outlook for SK Hynix, with the core disagreement focusing on whether AI memory demand can drive long-term growth. KB Securities maintains a "Buy" rating for SK Hynix. Based on TSMC's 1997 ADR listing in the U.S., it judges that SK Hynix's ADR listing will enhance global investor participation and is expected to drive a concurrent revaluation of both the ADR and SK Hynix's domestic shares. KB Securities also forecasts that global DRAM and NAND wafer capacity growth in 2027 will be only 7% and 4%, respectively, lower than the demand growth rates of 17% and 19%, suggesting that memory supply tightness may intensify further compared to 2026.

BNK Investment & Securities, however, argues that the logic of hyperscalers continuously increasing AI infrastructure investment is weakening, and that the ADR listing will not significantly change SK Hynix's domestic share valuation. (Etoday)