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Nomura Significantly Raises Target Prices for Samsung and SK Hynix, Both Rated as 'Buy'

BlockBeats News, May 18th - Nomura released a report stating that AI-driven demand is experiencing exponential growth, while memory supply is limited. Memory chip stocks are expected to undergo a revaluation. The bank has significantly raised the target prices for Samsung Electronics and SK Hynix, with Samsung's target price soaring from the original 340,000 South Korean won to 590,000 South Korean won, and SK Hynix's target price increasing from the original 2.34 million South Korean won to 4 million South Korean won. Both are rated as 'Buy'.


Nomura stated that as AI semiconductor demand shifts from training to inference workloads, memory requirements are entering a period of exponential expansion. In contrast, the bank believes that industry supply growth during the same period may still be limited to around 5 to 6 times (with a compound annual growth rate of about 30%), raising a serious question about whether the structural supply-demand imbalance can be truly resolved. The bank mentioned that the industry is currently attempting to narrow this rapidly widening supply-demand gap through optimization at various software and architecture levels, but Nomura believes that these solutions can only slow the growth rate rather than reverse the trend.

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