SK Hynix

SK Hynix experienced a surge-and-retreat pattern today. Opening at $160.00 (ET 09:30) from a previous close of $154.03, it briefly peaked at $162.215 before sliding to $158.45 by ET 10:00, up 2.9%. Pre-market trading was active, rising from $158.528 (ET 04:00) to $163.09 (ET 09:28), with an intraday high of $163.82 at ET 09:28. The company's Q1 2026 net profit surged 381.9% YoY to $26.586B, revenue grew 188.8%, and EPS reached $3.74. However, management warned that AI memory prices are too high, and the stock remains 18.3% below its 52-week high of $194.80, trading below its 20-day MA of $165.13, with a YTD decline of 5.3%.

SK Hynix staged a sharp intraday rebound, trading at $160.10 as of ET 10:02, recovering nearly 10% from the session low of $145.85, which marked a new 52-week low amid persistent storage chip sector pressure and headwinds from Changxin Storage IPO expectations. The stock remains 17.82% below its July 14 high of $194.8. Q1 2026 revenue surged 188.75% YoY to $34.66 billion, net profit jumped 381.93%, and net profit margin reached 76.71%, underscoring robust fundamentals. Yet the current price trails the MA20 and MA60 at $167.19, signaling limited valuation recovery momentum. The chairman urged shareholders to hold, citing a long-term uptrend, though the rebound lacked strong volume, with total turnover of 9.78 million shares, as sector-wide caution persists.

SK Hynix plunged during regular trading today, primarily driven by South Korea's regulatory curbs on leveraged ETFs and margin hikes, sparking a panic sell-off in the memory sector. The stock hit an intraday low of $160.820, down over 8.8% from the previous close of $176.460. Despite Q1 2026 revenue surging 188.75% YoY to $34.66 billion and net profit soaring 381.93% YoY, the regulatory shock pushed the stock below its 20-day MA of $170.637, and it now sits 16.61% below its 52-week high of $194.8. However, HSBC labeled SK Hynix as its ''top pick'' in a recent note, signaling continued institutional confidence in its long-term fundamentals.

SKHY.US opened sharply lower in the regular session, trading at $180.35 as of 09:30 ET, down approximately 7% from the previous close of $193.92. The decline was driven by diverging broker ratings: Barclays initiated coverage with a Buy, while other reports highlighted mixed analyst views, fueling selling pressure. Despite Fundstrat's Tom Lee calling the pullback a 'buyable' opportunity and the launch of a 2x leveraged SK Hynix ETF by Direxion, the stock remained under pressure. Fundamentals remain strong, with Q1 2026 revenue up 188.75% YoY and net profit surging 381.93% YoY, alongside a net profit margin of 76.71%. The stock is currently 7.31% below its 52-week high of $194.8, but still up 7.47% YTD and above its 20- and 60-day moving averages of $173.688. However, the stock rebounded to $185.987 in after-hours trading, suggesting some recovery in sentiment.

SK Hynix surged 27.6% on its Nasdaq debut, closing at $193.92 after hitting an intraday high of $194.45. The rally was driven by mass production of 12-layer HBM4, a Barclays upgrade, and an 8% premarket gain on Nvidia-related news. Q1 net profit soared 382% YoY to $26.59 billion, with a net margin of 76.7%, fueled by HBM demand. The stock is now 28.2% above its 52-week low of $151.3, but YTD is only up 15.4%, still below its 200-day MA, with a forward PE of 28.3x. However, post-market trading saw the stock ease to $191.1, suggesting some profit-taking.