Upbeat AI Data Centers Demand Propels SK Hynix: More Growth Ahead?

SK Hynix, South Korea's second-largest company, is benefiting from surging demand for high-bandwidth memory (HBM) and advanced storage chips used in AI infrastructure. The company has secured a long-term partnership with NVIDIA and is building its first U.S. AI memory production facility in Indiana, expected to supply next-generation HBM starting in late 2029. Wall Street analysts project approximately 54% upside potential for the stock.