TradingKey – On September 10, JPMorgan (JPM) released a new research report, initiating coverage on SK Hynix (SKHY) with an “Overweight” rating and setting a price target of $245.

The bank believes that the continued expansion of AI infrastructure buildout will drive the memory industry into a longer upcycle, and is bullish on SK Hynix’s earnings growth potential during this expansion cycle, advising investors to buy on dips.

SK Hynix’s stock price has also shown strong performance recently. In yesterday’s U.S. stock trading session, the company’s share price rose 7.05% to hit an all-time high, indicating that the market maintains high expectations for AI-driven HBM and high-end memory demand.

Source: Google Finance

JPMorgan expects that…