Goldman and Citi Predict More Gains for Nvidia Supplier Hynix After 90% Rally
- Nineteen analysts have raised forecasts in past month alone
- Current valuations don’t reflect potential of HBM: Infinity
Shares in South Korea’s SK Hynix Inc., a key supplier to Nvidia Corp., have jumped more than 100% over the past year and Wall Street is predicting further gains.
No fewer than 19 analysts have upgraded their forecasts over the past month for the firm, the largest supplier of high-bandwidth memory chips to Nvidia’s artificial-intelligence products. Reasons they give include the sky-high potential for AI, and the prospect of a positive surprise in this month’s earnings.