SK hynix Revenue Triples Amid AI Memory Supercycle

SK hynix Inc. tripled its first-half 2026 revenue to KRW131.8 trillion, fueled by a memory supercycle and intense demand for AI infrastructure. This growth contributed to a 110 percent year-to-date increase in the company's Korean stock price.

Despite the revenue growth, the company's second-quarter operating profit of KRW60.54 trillion did not meet analyst expectations of KRW64 trillion. Barclays maintained an Overweight rating for the company with a $330 price target, pointing to strong pricing for high-bandwidth memory chips.

Financial commentator Jim Cramer expressed skepticism regarding the stock's performance in U.S. markets. He characterized the price action as being driven by gambling and margin calls rather than fundamental factors such as capacity additions and DRAM pricing.