SK Hynix remains a major beneficiary of strong HBM and memory demand. However, slowing price increases, demand destruction, capacity expansion risks, and its ADR premium suggest that the easiest phase of the memory trade may already be over.
SK Hynix remains a major beneficiary of strong HBM and memory demand. However, slowing price increases, demand destruction, capacity expansion risks, and its ADR premium suggest that the easiest phase of the memory trade may already be over.