SK hynix shares fell after predictions surfaced that competition in the high-bandwidth memory (HBM) market, a key component for artificial intelligence (AI) chips, would intensify, weakening SK hynix's pricing power.
SK hynix stock was traded at 281,500 won on the KOSPI market at 9:09 a.m. on the 17th, declining 4.9% (14,500 won) compared to the previous day. There is a flood of sell orders through foreign securities firms.
Goldman Sachs downgraded its investment opinion on SK hynix to 'neutral' on this day. While demand for HBM is expected to remain solid in the long term, it noted a likelihood of price declines due to competition starting in 2026. This indicates that pricing power would shift from suppliers to customers.
Goldman Sachs said, 'SK hynix's operating profit for 2026 is expected to decrease compared to this year,' adding that, 'considering the performance risks, it is shifting to a conservative stance as the stock price has already risen significantly.'