📊 SK hynix: Looking at Earnings Expectations and Memory Supply-Demand Together - 2026.09.07

Hi, it’s Danggeun 🥕 The key point for SK hynix today is that while expectations for third-quarter earnings have grown, the shift toward AI memory is also disrupting supply and demand for general-purpose memory. The September 7 closing price was ₩1,775,000,, the change was +7.77%, and trading volume reached 3,118,271. 📊 Looking only at the numbers, the day’s mood was quite heated, but we need to separate whether this was driven solely by earnings expectations or whether supply-demand issues also played a role.

Earnings expectations have grown, but this is still the realm of forecasts

One article reported that third-quarter earnings forecasts for Samsung Electronics and SK hynix had been raised, and that both stocks rebounded together ^[1]. The key word here is forecast. This does not mean the companies have announced finalized earnings figures or a new plan, so there is still a gap between expectations and actual results.

Another investment analysis article reported that SK hynix’s target price had been raised ^[4]. Since the exact target price appeared in a separate article, I’ll leave it out here. In terms of direction, the analyst has effectively raised its assessment, but a target price is not a figure guaranteed by the company. Seriously, the more expectations are reflected in the chart first, the tougher the comparison with the actual earnings figures becomes later.

The chart appears to be testing the top of the recent range 📈

Looking at the recent price movement, the stock rose from the September 3 low of ₩1,558,000 to the September 7 high of ₩1,783,000. It moved from the September 4 close of ₩1,647,000 to ₩1,775,000 on September 7, marking a fairly wide short-term move, while trading volume of 3,118,271 also stood out among recent trading days.

Danggeun sees the area around ₩1,558,000 as a potential lower boundary and the area around ₩1,783,000 as potential upper resistance in the recent range. But this does not mean predicting a specific price; these are observation zones based on recently confirmed lows and highs. That is also where the principle of no full-position buying, no full-position selling, and act only when support breaks comes from. When the range widens, the combination of the closing price and trading volume appears more important than any single number. 🎯

The shift toward AI memory presents a different picture for general-purpose memory

An analysis has emerged that the growing pull of AI on memory is tightening supplies of general-purpose memory for smartphones and PCs. The article reported that memory makers including SK hynix are prioritizing production of high-value products for AI servers ^[2]. This provides a basis for viewing SK hynix’s AI-memory-centered trend alongside supply and demand for PC and smartphone memory.

The point to watch is not simply the one-line conclusion that AI demand is strong. If supply and demand move differently by product, then when examining earnings we must look separately at which product’s demand and supply have changed, rather than treating memory as one whole category. Wow, it’s surprising how different the temperature can be even within memory, right? Still, this article also conveys industry analysis, so we should not expand it into a claim that the company has officially finalized production priorities or earnings effects.

U.S. investment is both a growth factor and a schedule to monitor

In an interview with the governor of Indiana, SK hynix’s investment was mentioned in connection with building a local ecosystem. SK hynix reportedly plans to invest approximately 4,000,000,000 USD in West Lafayette, Indiana, to pursue a business related to advanced packaging for AI memory, its first such project in the United States ^[3].

This connects with the earlier discussion of AI memory supply and demand. The fact that SK hynix is pursuing an AI-memory-related business locally in the United States points to supply-chain expansion, while the actual pace of progress and business results remain separate variables that need to be checked. What can be confirmed from the article is the investment and the project’s advancement; it is not yet a stage where earnings or stock-price results can be concluded from that alone.

Ultimately, there are three questions left. Will the raised third-quarter earnings forecast translate into actual figures? What impact will the concentration of AI-server products leave on general-purpose memory supply and demand? And will trading volume continue to build around ₩1,783,000? Danggeun believes this is a period when we need to check the gap between the chart and earnings together, just as expectations have grown. 📊

📰 Reference News (4)

1

Samsung Electronics·SK hynix Third-Quarter Earnings Forecasts Raised… Share Prices Rebound Together - v.daum.net

v.daum.net · 2026.09.07

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2

AI Has Pulled in Memory Too… A ‘RAM Shortage’ Hits Smartphones and PCs

네이버뉴스 · 2026.09.06

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3

[Interview] Indiana Governor: "AI Infrastructure Must Also Benefit Residents"

네이버뉴스 · 2026.09.07

📰 View original

4

SK hynix Target Price 2,300,000 KRW ‘Raised’… Samsung Electronics ‘Maintained’—Why? - MarketIn

마켓인 · 2026.09.07

📰 View original