Institution: After listing in the US, SK Hynix investors have taken profits; the market remains cautious about Q2 earnings expectations.

Glonhui July 13｜NH Investment & Securities senior analyst Ryu Young-ho stated that after SK Hynix completed its US listing, investors took profits, and market sentiment was also affected by cautious expectations for SK Hynix's second-quarter performance. He pointed out that investors had originally expected SK Hynix's HBM4 chip shipments to increase starting in the second quarter, but such growth does not seem to have materialized on a large scale. Ryu also stated that investors have lowered their earnings expectations because, compared to competitor Samsung Electronics, SK Hynix has higher exposure in the HBM market, so its benefit from the recent rise in DRAM chip prices is expected to be lower.