Samsung Electronics vs SK Hynix: Why Stock Prices Diverged for the Same Semiconductor? | Kim Jang-yeol, Head of Research Center, Unistory Asset Management

Summary

Kim Jang-yeol reviews the semiconductor and IT landscape. He discusses the supply-shock opportunity in specialty gas company Huseong from China's WF6 export ban, and explains why SK hynix is strongly outperforming Samsung Electronics, blaming Samsung's foundry losses and HBM volume shifts. He also touches on US-Korea interest rate expectations and AI model export controls, while offering trading style advice.

• Huseong benefits from China's WF6 export ban with 10% supply share, but stock already hit analyst target, warranting caution.
• Samsung Electronics lags SK hynix due to foundry loss-making and missing HBM4 volume orders despite better specs.
• SK hynix outperforms as surging general DRAM prices drive the current cycle, favoring its position.
• Some market views expect a narrowing US-Korea interest rate gap, potentially supporting KRW and Korean equities.
• US restrictions on advanced AI models may widen the technology gap, limiting latecomers.
• Kim advises investors to know their trading style and avoid chasing stocks after they reach analyst target prices.