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LS Securities raised its Samsung Electronics price target from 400,000 to 450,000 won while cutting SK Hynix from 3.3 million to 2.4 million won, arguing the HBM4 competitive structure is normalizing. Analyst Jung Woo-sung noted HBM4's share of HBM shipments climbed from roughly 5% in Q1 to about 35% in Q2, with Samsung securing relatively strong yields early in the ramp unlike its HBM3E start — a setup that erodes SK Hynix's pricing premium and margin exclusivity in the AI memory chain. Because the two names dominate KOSPI market cap, this is more a relative-value rotation within Korean semis than a directional index call; watch HBM4 qualification news from NVIDIA and Q1 memory contract pricing to confirm whether the share shift is durable.
As a Research signal, watch whether it changes price action, volatility, or flows around 005930, 000660, KOSPI.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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