CLSA says SK Hynix is sold out through 2029 and raised its 2027-28 profit forecasts by 20%, lifting Micron shares 5.9%. The signal underscores tight memory supply-demand and is positive for SK Hynix and peers.
Impact assessments are model-generated from public coverage, for reference only and not investment advice.
SK hynix said its memory output is effectively sold out for the next three years, pushing back against peak-earnings fears. The comment reinforces expectations of a prolonged upcycle and supports the stock; investors will watch long-term contract pricing and HBM order execution.
Micron shares rose 5.9% to $983 after SK Hynix said its capacity is sold out, with attention on SanDisk earnings. Tight memory supply is a sector-wide positive and offers spillover support for SK Hynix shares.
CLSA said SK Hynix's capacity is sold out through 2029 and raised its 2027 and 2028 operating profit forecasts by 20%. The broker upgrade reinforces the long-cycle upswing narrative and is a direct positive for the stock.