SK hynix shares have traded near 1.84 million won (or roughly $195 for the SKHY ADR) amid sustained AI infrastructure demand for high-bandwidth memory, which drove record Q2 2026 results with revenue up 257% year-over-year and operating margins near 76%. Micron Technology’s stronger-than-expected results lifted sector sentiment and Korean chipmakers in early October, while long-term customer contracts and tight supply support pricing power. Analyst price targets average above 3 million won despite recent modest cuts from firms citing won appreciation and HBM ramp assumptions. Q3 2026 earnings, expected later in October with consensus operating profit near 74 trillion won, represent the next key catalyst that could influence near-term volatility and implied probabilities around current levels.