SK Hynix has become the epicenter of a rare alignment of bullish signals. In the span of a few days, the South Korean memory giant has received a public demand shoutout from Nvidia’s Jensen Huang, been tapped for inclusion in an $8.3 billion technology fund, won a drastic easing of regulatory approval timelines for chipmaking equipment, and secured a major profit forecast upgrade from Goldman Sachs. The stock, already up roughly 249% year-to-date, closed Tuesday at 2,360,000 won after hitting a fresh 52-week high of 2,363,000 won the prior session.
The most visible validation came at the Computex trade show in Taipei, where Nvidia CEO Jensen Huang personally toured SK Hynix’s booth and left unmistakable messages. On an HBM4E memory module, Huang scrawled “Please make more.” On a SOCAMM module, he wrote “Love SOCAMM.” The signed exhibits were photographed and quickly circulated, cementing the depth of the supply relationship between the two companies. Huang later met with SK Group chairman Chey Tae-won on the sidelines of the show to discuss future collaboration on AI memory solutions. SK Hynix showcased an “AI Factory Zone” featuring Nvidia’s GB300 platform paired with HBM3E, as well as a Vera Rubin 200 model coupled with HBM4.
That public nod from Nvidia comes as Seoul moves to accelerate SK Hynix’s capacity expansion. The Ministry of Trade, Industry and Energy approved a cabinet decision on Tuesday to slash import inspection times for EUV lithography systems from 34 days to just 9 days. The cost of pressure and leakage tests conducted by foreign inspection agencies will also drop by roughly 500 million won per unit. For SK Hynix, the faster administrative process is critical: Chey Tae-won has warned that the AI chip supply gap will persist until at least 2030, and market researcher Gartner sees no meaningful price correction before the end of 2027.
The regulatory tailwind arrived simultaneously with a major vote of confidence from the investment community. The $8.3 billion Janus Henderson Global Technology Leaders Fund, managed by Richard Clode, plans to add SK Hynix to its portfolio. Clode highlighted the company’s dominance in high-bandwidth memory (HBM), noting that multi-year supply contracts begin renegotiation in 2026 — a process he expects to drive “disproportionate profit growth” as pricing power shifts further in SK Hynix’s favor. The logic is straightforward: all of the HBM capacity for 2026 is already sold out, with some customers reportedly making full upfront payments to secure production slots.
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That pricing leverage is already visible in the numbers. SK Hynix’s first-quarter 2026 results posted revenue of 52.58 trillion won, up 198% year-over-year, and operating profit of 37.61 trillion won — a 405% surge. The operating margin reached a staggering 72%. Goldman Sachs responded by raising its 2028 operating profit forecast by 24%, citing sustained AI demand.
Despite this year’s staggering rally, the stock still trades at roughly 7 times forward earnings — a deep discount to the Philadelphia Semiconductor Index’s 27 times and Micron’s 10 times. SK Hynix crossed the $1 trillion market capitalization mark this week, making it one of the 13 most valuable companies globally. On the technical side, the 50-day moving average of 1,408,540 won is nearly 68% below the current price, and the RSI of 68.9 suggests strong momentum without hitting overbought territory.
Looking ahead, SK Hynix plans to ship first HBM4E samples in the second half of 2026, with mass production slated for 2027. The Computex display also previewed a full suite of next-generation products — HBM3E, HBM4, HBM4E, server DRAM, enterprise SSDs, CXL memory, and SOCAMM2 — each targeting a different layer of the AI infrastructure stack. For investors, the signals from Taipei, Seoul, and Wall Street are converging on the same narrative: SK Hynix is not just riding the AI wave, but shaping the terms of it.
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