SK Hynix’s SKHY ADR closed at $195.13 on October 2 after a 0.84% gain, buoyed by Micron’s stronger-than-expected results and record Korean chip exports that reinforced AI-driven HBM demand. Persistent supply constraints and long-term supply agreements with major customers have supported elevated pricing power, with TrendForce projecting a 121% rise in blended HBM average selling prices for 2027 amid ongoing shortages. The stock has climbed sharply year-to-date on HBM4 ramp-up and record Q2 operating margins near 76%, though some analysts recently trimmed price targets citing slower HBM pricing assumptions and rising competition from Samsung. Traders are watching upcoming Q3 results and any shifts in memory bit growth or capacity allocation for near-term resolution signals.