HXSCL at $169.80 in ascending channel ahead of July 29 earnings. 56% HBM market share, ₩7.09T investment approved, and $174.62 breakout level explained. Trading at $169.80 per share on the NASDAQ (HXSCL), SK Hynix has remained within its upward channel, with six days remaining before its second-quarter fiscal 2026 earnings call on July 29.

It dominates the high-bandwidth memory market with 56.4% of the worldwide HBM share, saw a 198% year-over-year gain in revenues for the first quarter of 2026, and just announced $4.83 billion in fresh investments this week.

While its stock fell below its IPO price of $149 last Friday following the broader market sell-off that hit the AI chip space, it has recovered since. Here is what’s happening…