--- title: "SK Hynix Stock Price Plunges Ahead of Q2 Earnings. Should Investors Buy the Dip?" type: "News" locale: "en" url: "https://longbridge.com/en/news/294059794.md" description: "SK Hynix stock plunged over 5% in US premarket trading, following a 14% drop in South Korea, amid a broader sell-off in AI stocks. Despite market fears regarding slowing AI spending and rising Chinese competition, Wall Street expects strong Q2 earnings driven by high demand for AI memory chips. Barclays maintains a bullish outlook with a Buy rating and $330 price target, suggesting the pullback may present a buying opportunity for long-term investors." datetime: "2026-07-28T11:39:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294059794.md) - [en](https://longbridge.com/en/news/294059794.md) - [zh-HK](https://longbridge.com/zh-HK/news/294059794.md) generator: "portal-rs" --- # SK Hynix Stock Price Plunges Ahead of Q2 Earnings. Should Investors Buy the Dip? SK Hynix (SKHY) stock fell more than 5% in Nasdaq premarket trading after the chipmaker's shares plunged over 14% in South Korea. Samsung (SSNLF) also dropped more than 13% as a Wall Street-led sell-off in AI stocks spread across Asian markets. However, the Q2 earnings report, scheduled for tomorrow, will be key. Wall Street expects strong results, supported by healthy demand for AI memory chips. If the outlook remains positive, the recent pullback could present a buying opportunity for long-term investors. ### Claim 55% Off TipRanks - Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions - Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks For context, SK Hynix makes DRAM, NAND flash, and high-bandwidth memory (HBM) chips used in AI, data centers, smartphones, and PCs. The South Korean company made its debut on Nasdaq on July 10, raising $26.5 billion through its ADRs. ## **What's Behind the Decline?** Overall, SK Hynix's sharp fall seems to reflect market fears rather than weaker business. Investors are worried that AI spending may slow and that Chinese chip firms will become stronger. Those fears grew after Chinese memory chip maker CXMT made a strong stock market debut in Shanghai. Investors worry CXMT could boost memory chip supply, leading to lower chip prices and tougher competition. Nonetheless, SK Hynix shares in South Korea are up by almost 130% despite a recent sell-off. ## **What Analysts Expect from SK Hynix's Q2 Results** Wall Street expects SK Hynix to report revenue of ₩84.17 trillion ($57.7 billion), up 278.6% from a year ago. Operating profit is expected to reach ₩64.24 trillion, nearly seven times higher than last year, helped by strong demand for AI memory chips and higher DRAM and NAND prices. Investors will also focus on the company's outlook for AI memory demand and chip prices. A strong outlook could ease concerns and help the stock recover, while weaker guidance may keep pressure on the shares. ## **Barclays Stays Bullish on SKHY Stock** Earlier this month, Barclays analyst Simon Coles initiated coverage of SK Hynix's ADRs with a Buy rating and a $330 price target, implying 130% upside from current levels. Coles expects demand to stay higher than supply through 2027. That could keep memory chip prices strong and support SK Hynix's earnings. ## **Is SKHY Stock a Buy?** According to the Street's analysts, SKHY stock has a Moderate Buy rating with a $330 price target, implying 130.7% upside from the current price. ### Related Stocks - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [EWY.US](https://longbridge.com/en/quote/EWY.US.md) - [03121.HK](https://longbridge.com/en/quote/03121.HK.md) - [688825.CN](https://longbridge.com/en/quote/688825.CN.md) - [BCS.US](https://longbridge.com/en/quote/BCS.US.md) - [BARC.UK](https://longbridge.com/en/quote/BARC.UK.md) ## Related News & Research - [SK hynix (KOSE:A000660) Reviews Chongqing Plant Sale, Is The AI Memory Upside Enough?](https://longbridge.com/en/news/296411870.md) - [Is Samsung’s $72B payout a vote of confidence in AI?](https://longbridge.com/en/news/296469504.md) - [Samsung Elec to convene board meeting Friday to discuss shareholder return plan, says source](https://longbridge.com/en/news/296559540.md) - [SK Hynix Shares Surge Amid Hopes for Higher Shareholder Returns](https://longbridge.com/en/news/296437712.md) - [SK Hynix Stock (SKHY) Jumps 6% on $29B Buyback, Eyes Special Dividend](https://longbridge.com/en/news/296335282.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**