Samsung, SK Hynix Cut Price Targets This Week as Brokerages Trim AI Investment Outlook

According to South Korea's financial investment industry, major brokerage firms cut price targets for Samsung Electronics and SK Hynix this week (July 7-10), citing slowing AI infrastructure investment growth and moderating earnings expectations. BNK Investment Securities set SK Hynix's target at 1.85 million won, implying a sell rating, while Kiwoom Securities lowered Samsung Electronics' target from 430,000 to 390,000 won. Current-generation memory chip pricing gains are expected to moderate in the second half, with concerns mounting over potential slowdown in U.S. cloud service providers' capital spending and intensifying competition from Chinese memory chipmakers. Both stocks declined sharply this month, with Samsung down 14.7% and SK Hynix down 17.7% through July 10.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments