Semiconductor Insider — Korea Investment Securities cuts SK Hynix 2026-27 operating profit 9-11% on HBM4 ramp delays

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Semiconductor Insider — Korea Investment Securities cuts SK Hynix 2026-27 operating profit 9-11% on HBM4 ramp delays

The catalyst under today's memory selloff. A July 13 sell-side note cuts SK Hynix operating profit 9-11% citing weaker HBM sales mix, slower ASP growth, and HBM4 ramp delays — a 2Q reality check on the exact mechanism the memory-supercycle thesis rests on (HBM tightness cannibalizing DRAM). Buy rating maintained; this is a mix/timing cut, not a demand cut.

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The catalyst under today's memory selloff. A July 13 sell-side note cuts SK Hynix operating profit 9-11% citing weaker HBM sales mix, slower ASP growth, and HBM4 ramp delays — a 2Q reality check on the exact mechanism the memory-supercycle thesis rests on (HBM tightness cannibalizing DRAM). Buy rating maintained; this is a mix/timing cut, not a demand cut.

8 events
DateTypeEvent
Jul 13 Desk NoteVertical: Memory & Storage — read the −15% correctly Jul 13 TweetGlobal Markets Investor — KOSPI -9%, trading halted; SK Hynix -15%, its largest daily drop on record Jul 13 Redditr/stocks — SK Hynix tumbles 15% in Seoul AFTER a record Nasdaq ADR debut ($26.5B, 7x oversubscribed, ADR +13%) Jul 13 InvestigationThe memory selloff is an ASP repricing — and the $26.5B raise is the tell Jul 26 ArticleMemory rebuilt for four sessions, gave it back on Friday, and walked into the only two days that matter Jul 31 NewsKOSPI's largest one-day gain in history; the unwind's anatomy gets numbers — captured 2026-07-31 EOW Jul 31 ArticleOne Seller: Anatomy of the AI Whiplash Jul 13 TweetP Equity Research — BofA: memory indicator near record highs (183 vs past peaks of 120-130), super-cycle intact

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