SK Hynix shares rebounded 8% to $164 following a period of high volatility and a recent two-day selloff.
SK Hynix shares rose 8% to $164 in Friday’s midday session, marking a significant rebound after a sharp two-day decline that saw the stock hit a 52-week low of $145.57. While peer semiconductor stocks remained relatively flat, the move was driven by idiosyncratic factors, including short-covering and gamma-related buying as the first monthly options contracts for the U.S.-listed shares expired. Analysts remain optimistic about the company's outlook. Barclays initiated coverage with an Overweight rating and a $330 price target, citing SK Hynix's leadership in high-bandwidth memory (HBM) and expected tight memory supply through 2027. Furthermore, Simply Wall St updated the fair value estimate for SK Hynix to ₩3,408,502, reflecting higher revenue growth assumptions. Despite the recent jump, the stock remains volatile due to its new Nasdaq listing and the suspension of several leveraged ETFs by South Korean regulators. Investors are currently weighing the bull case of dominant HBM demand against the bear case of high volatility and lingering geopolitical risks.