[Featured Stock] SK Hynix Hits 52-Week High on Forecast of Record-Breaking Earnings

SK Hynix's stock price is on the rise. Expectations that it will achieve its best performance in six years seem to be influencing the stock price.

At 9:17 a.m. on the 13th, SK Hynix was trading at 224,000 won, up 4.19% from the previous day. During the session, it rose to 226,000 won, marking a 52-week high.

Dongwon Kim, a researcher at KB Securities, said, "The sales proportion of high-bandwidth memory (HBM), which has high profitability, is expected to account for one-third of DRAM sales," adding, "Also, the average selling price (ASP) of DRAM this year is expected to increase by 79% compared to the same period last year, driving performance improvement."

Kim further stated, "Due to the expansion of artificial intelligence (AI) data centers, structural demand for high-capacity storage enterprise solid-state drives (SSD) has increased, leading the NAND sector, which turned profitable in the first quarter, to see significant performance improvements from the second quarter onward," and added, "Operating profit this year is expected to exceed the previous record of 20.8 trillion won in 2018, achieving the best performance in six years."