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

Odaily Planet Daily News Korean securities firms have shown a clear divergence in their outlook on SK Hynix, with the core disagreement focusing on whether AI memory demand can sustain long-term growth. KB Securities maintains a "buy" rating on SK Hynix. Based on TSMC's 1997 ADR listing in the US, KB Securities believes that SK Hynix's ADR listing will increase global investor participation and could drive a revaluation of both the ADR and SK Hynix's domestic shares. KB Securities also forecasts that global DRAM and NAND wafer capacity growth will be only 7% and 4% respectively by 2027, lower than the demand growth rates of 17% and 19%, suggesting that memory supply tightness could worsen 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)