SK Hynix Shares Surge. Why It's Not Too Late to Buy the Stock.

SK Hynix delivered record Q3 results with revenue surging 328% year-over-year and operating margins expanding to 80%, driven by soaring memory prices. With HBM and DRAM volumes sold out through 2029, a forward P/E of 4.5x, and 50% market share in HBM serving as Nvidia's lead supplier, the stock is positioned as a buy despite recent gains. The company announced a $14.9 billion buyback and $10.4 billion dividend, with plans to return 50% of cumulative free cash flow to shareholders through 2027.