SK Hynix expects memory demand to keep exceeding supply through 2030, after posting record third-quarter revenue of 104.6 trillion won, up 328% year over year, with an 80% operating margin. Its long-term contracts with 14 major customers cover over 50% of total production capacity for 2027 and 2028, though quarterly revenue and profit growth is slowing. Micron expects supply to stay short of demand in 2027 and 2028 and has 26 multiyear take-or-pay agreements covering over 35% of its revenue through 2030, backed by $32 billion in financial commitments. The author argues both stocks trade below 6 times expected earnings, a price that implies profits will fall well before 2030, and points to the 2018 shortage, when SK Hynix's operating profit dropped 87% the following year. The author believes both stocks are worth holding until 2030 but expects at least one steep decline along the way.
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semiconductorsmemory chipsSK HynixMicronNVDA
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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