Not Nvidia. This Chip Stock Has More Upside, According to Wall Street.
Technology · First reported 26 Oct, 16:35 · Updated 19:05
An article argues that SK Hynix may deliver greater stock gains than Nvidia, citing analyst price targets, recent growth and its position in high-bandwidth memory.
- The article gives SK Hynix a median 12-month price target of $250, implying 82% upside, compared with Nvidia’s $320 target and 52% implied upside.
- SK Hynix’s second-quarter revenue rose 257% year over year and net profit rose 557%, while Nvidia’s fiscal second-quarter revenue increased 106%.
- Counterpoint Research estimates SK Hynix holds half of the HBM market; Bloomberg Intelligence projects that market could reach $641 billion in 2030.
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