--- title: "Weekly Recap | HYNX.US +14.16%, outperforming the S&P 500 by nearly 15 points" type: "News" locale: "en" url: "https://longbridge.com/en/news/298785102.md" description: "HYNX.US rallied 14.16% this week to close at $30.71, up from $26.90 the prior Friday. The S&P 500 lost 0.8% over the same stretch, so the ETF outperformed the benchmark by roughly 14.96 percentage points. It was a four-session week that ultimately shaped into a rise-and-fade: a modest gain on Tuesday, a sharp run to $34.02 on Wednesday, then a two-day pullback that still left the fund comfortably higher. The week’s amplitude came to 17.06%, versus 8." datetime: "2026-09-12T04:31:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298785102.md) - [en](https://longbridge.com/en/news/298785102.md) - [zh-HK](https://longbridge.com/zh-HK/news/298785102.md) generator: "portal-rs" --- # Weekly Recap | HYNX.US +14.16%, outperforming the S&P 500 by nearly 15 points ## The Week HYNX.US rallied 14.16% this week to close at $30.71, up from $26.90 the prior Friday. The S&P 500 lost 0.8% over the same stretch, so the ETF outperformed the benchmark by roughly 14.96 percentage points. It was a four-session week that ultimately shaped into a rise-and-fade: a modest gain on Tuesday, a sharp run to $34.02 on Wednesday, then a two-day pullback that still left the fund comfortably higher. The week’s amplitude came to 17.06%, versus 8.61% for SK Hynix itself, a reminder of how the 2x structure magnifies every move. ## SK Hynix This Week Underlying name SK Hynix gained 7.38% this week, closing at $190.07 from a prior close of $177.00. The four sessions followed the same arc as the ETF: a small gain on Tuesday, a strong Wednesday push to a fresh high of $199.865, then two down days that pared the advance. By Friday, the stock held above the $190 level, closing within 5% of its Wednesday peak. Volume was lighter across the week, with average daily turnover about 12% below the 43-session median. ## Leverage & Decay This product targets 2x the daily move of SK Hynix, not 2x the weekly move. SK Hynix rose 7.38% over the four sessions, which would imply a theoretical gain of roughly 14.76% for a perfect daily double; the fund actually returned 14.16%, a gap of -0.6 percentage points. That shortfall comes from daily rebalancing. Each session the fund resets its exposure back to 2x, and in choppy conditions those resets buy high and sell low just enough to eat into the compounding path. With the underlying up on two days and down on two, the decay showed up even in a net positive week. One week’s 0.6-point gap is small, but it demonstrates why a leveraged daily ETF does not simply deliver 2x the underlying’s cumulative return over longer horizons. ## SK Hynix News The week’s SK Hynix flow fell into three broad strands. Mid-week, the stock surged to a record high, with coverage pointing to a market value above $1.4 trillion in US trading, a memory chip shortage, and S&P’s expectation of a potential buyback of up to 40 trillion won in the fourth quarter. Kioxia’s CEO simultaneously downplayed prospects of deeper cooperation with SK Hynix. By Thursday, attention shifted to profit-taking and outstanding uncertainties around wage negotiations and asset disposals; on the same day JPMorgan initiated coverage with an Overweight rating and a $245 price target. Friday brought a fresh headwind when DeepSeek’s low-cost model raised demand questions for Korean memory makers, sending SK Hynix, Samsung and Kioxia lower together. The week’s tone moved from strong to mixed. ## SK Hynix — Analyst Ratings Fifteen brokers cover SK Hynix. Nine rate it a Buy, five Overweight, one Underweight, and none Hold or Sell. The consensus recommendation is Buy, and the consensus target sits at $248.43, about 30.7% above the week’s closing price of $190.07. Targets range from $152 at the low end to $355 at the high end, a wide spread that signals real disagreement on the upside. Within the semiconductor space, SK Hynix ranks 24th among 77 names, with coverage above the industry median of 9 brokers per name. ## The Week Ahead The calendar next week is macro-heavy on the US side, with the New York Fed manufacturing index due on 15 September (prior 20.6, consensus 14.75) and a batch of retail sales data on 16 September, including headline retail sales, retail sales ex-autos, the retail control series, import prices, the NAHB housing index, and weekly EIA crude stockpiles. For this leveraged ETF, the more direct input is SK Hynix itself. Reports this week said the union would revote on a tentative wage agreement next week, and the same wage and asset-disposal overhangs that weighed on the stock on Thursday and Friday could carry into the new week. ## In Short HYNX.US turned a down week for the S&P 500 into a 14.96-point relative gain, built almost entirely on SK Hynix’s powerful first-half run. The sell-side picture is supportive: 14 of 15 brokers rate the stock Buy or Overweight, and the consensus target implies roughly 30.7% upside from the weekly close. But the back half of the week told a different story. SK Hynix faded on Thursday and Friday, and the DeepSeek efficiency scare, combined with lingering wage and asset-disposal uncertainties, shifted sentiment from one-way to two-way. In that sort of choppy path, daily rebalancing starts to matter. The open question going forward is whether SK Hynix can hold this week’s gains and whether next week’s macro prints and union vote add another turn to the tape. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [HYNX.US](https://longbridge.com/en/quote/HYNX.US.md) ## Related News & Research - [Memory Chip Sales on Track to Top $2 Trillion By 2030: The Numbers Micron Bulls Need to Know](https://longbridge.com/en/news/301298979.md) - [Micron, SK Hynix, And SanDisk Slide in Sync: What’s Behind The Memory Selloff?](https://longbridge.com/en/news/301321967.md) - [Not Micron. Not Sandisk. This Memory Stock Is Quietly Gaining Share.](https://longbridge.com/en/news/301420108.md) - [Samsung’s $80B Quarterly Profit Tops Nvidia, AMD’s Lisa Su Shops In Seoul](https://longbridge.com/en/news/301279334.md) - [Salesforce Stock (CRM) Gets Rare Double Upgrade. Here's Why](https://longbridge.com/en/news/301589556.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**