Why Samsung and SK Hynix are falling even as Korea's chip exports keep surging

Impact · against what's priced in

The market is currently prioritizing HBM pricing and margins over record-breaking export volumes. While Samsung's upcoming Q3 results provide a catalyst to verify earnings translation, SK Hynix faces downward pressure due to revised conservative HBM pricing assumptions.

000660.KS−0.50

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In context

Bernstein has cut the target price based on more conservative HBM progress and pricing assumptions, which likely compresses H2 operating margins.

Read from the article alone

• earnings
• semiconductors
• 000660.KS
• 005930.KS
• ai chips
• exports
• hbm
• margins
• south korea
• tech

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