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Barclays Raises Target Price for Samsung and Hynix, Surging by 72% and 109%

BlockBeats News, June 2nd, the two storage giants Samsung and SK Hynix continue to be favored by the market. Barclays Bank has raised the target price of SK Hynix, listed in Frankfurt, from 1100 euros to 2300 euros, and the target price of Samsung Electronics, listed in London, from 425,000 pence to 730,000 pence.


According to Bitget market data, benefiting from the surge in demand for AI-driven high-bandwidth memory and storage chips, Samsung Electronics and SK Hynix have shown strong performance recently. SK Hynix has accumulated a gain of over 260% since the beginning of this year, with a market value surpassing $1 trillion by the end of May, reaching a historic high. Samsung Electronics has seen a gain of over 200% this year, repeatedly hitting new highs recently, with a market value also surpassing $1 trillion.

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