“Korean AI semiconductor-related stocks surged ahead of NVIDIA’s earnings announcement.
On the 22nd, SK hynix closed at 197,700 won, up 2.97%, hitting a 52-week high. Foreign investors led the price hike with a net purchase of 252 billion won. Hanmi Semiconductor also closed at 147,300 won, up 5.06%, marking an all-time high.
Following NVIDIA’s record-high stock price based on earnings expectations last night, it is analyzed that domestic related stocks also moved. Global investment banks, such as Stifel, raised NVIDIA’s target price from $910 to $1,085, while Baird raised it to $1,200, leading to an upward adjustment in NVIDIA’s stock price expectations.
Kang Dae-seok, a researcher at Yuanta Securities, analyzed, ‘If NVIDIA’s earnings once again surprise and the scenario of skyrocketing becomes a reality, domestic stock markets will pay attention to SK hynix.'”