On July 21, SK Hynix rose 6.82% in regular trading, trading at $163.375/share, with turnover of $1.186 billion.

On the news front, SK Group Chairman Choi Tae-won publicly warned that AI semiconductor demand is expected to surge 60% to 100% year-over-year next year, with overall memory demand growth reaching 50% to 60%, while the supply side has virtually no substantial capacity expansion plans, meaning the supply-demand gap will continue to widen. Choi noted that current elevated DRAM prices are unsustainable and urged the industry to expand supply rather than maintain high prices through restriction.

On the same day, CLSA issued a research report reaffirming its High Conviction Outperform rating on SK Hynix, citing a bullish outlook for cloud hyperscaler capital expenditure in 2027. Industry data further corroborated the strong cycle, with South Korea's semiconductor exports in the first 20 days of July surging 180% year-over-year to $22.1 billion. The stock had previously experienced a sharp correction, with Korean brokerage Meritz Securities noting its forward P/E had fallen to approximately 3.5x, a historically extreme low, lending the rally oversold-bounce characteristics.

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