Deep Research2
🔒 Members only- 2026.06.08📄 Investment memo
SK Hynix: The Purest AI Memory Play at Cycle Peak – Hold, Don't Chase
Institutional-grade deep dive: HBM leader, operating margin hitting 72% yet trading at just 12x P/E — a full dissection of the cycle vs. valuation tension. For members only.
Read memo→ - 2026.06.08📊 Model · .xlsx download
SK Hynix (000660KS): The Memory Cycle Playbook – Financial Model & Valuation
Downloadable financial model for SK Hynix (000660KS): core assumptions, forecasts, DCF/scenario-based target prices. A quantitative modeling worksheet for members to download and build upon.
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Coverage Timeline5
Following since 2026.01- 20262026.06.087 分钟
SK 海力士经营利润率冲到 72%、市盈率却只有 12 倍：这是便宜，还是周期顶？
全球 HBM 龙头、英伟达的核心供应商——但它依然是一只内存周期股
- 2026.04.2310 min
SK Hynix Q1 Profit Surges 4x: A New Order for Memory in the AI Era
Q1 operating profit of KRW 37.6 trillion, fourth consecutive quarterly record; HBM capacity fully booked for 2026; net profit includes KRW 11.5 trillion one-off gains; 'KRW 100 trillion net cash' emerges as a long-term target.
- 2026.04.0414 min
Korea's Memory Duopoly: Samsung vs. SK Hynix in the AI Era
In the structural cycle of 2026, in which AI computing power is soaring, memory chips have officially jumped from a commodity that "drifts with the crowd" to a core strategic asset that determines the life and death of the AI era. The epicenter of this change is the dispute over the manufacturing process of high-bandwidth memory (HBM).
- 2026.04.043 min
Korea's Memory Titans: Samsung vs. SK Hynix in the HBM Era
For quick reading, each analysis post will now come with a condensed version. This one compares Samsung and SK Hynix's technology and development paths in HBM.
- 2026.01.2911 min
SK Hynix Crushes Earnings, Apple Greenlights Samsung and SK Hynix Memory Price Doubling: The Storage Supercycle Rolls On
In the history of the global semiconductor industry, 2025 is a watershed year. The memory market has completely shed its traditional commodity cyclicality, entering a structural growth phase driven by AI infrastructure.
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