Samsung +28%, SK Hynix +60%: Why Chip Giants Are Diverging
Samsung +28%, SK Hynix +60%: Why Korea's Chip Giants Are Diverging — Nomura Sees 100%+ Upside Two semiconductor giants. One AI memory supercycle. And yet their stock charts couldn't look more different. Over the past month, Samsung Electronics has climbed 28.2% while SK Hynix has rocketed 60.12% — more than double its larger rival's gain. Both make memory chips. Both are riding the same HBM (High Bandwidth Memory) wave. So what gives? A union strike at Samsung, a historic rift between retail and foreign investors, and a bold call from Nomura that's reshaping how the market values these names. Here's the breakdown. The Great Divergence The numbers are stark. Samsung Electronics closed the month up 28.2%. Not bad. But SK Hynix? Up 60.12% over the same window. That's the kind of gap you don't see between two companies in the same industry unless something structural is going on. The simplest explanation is HBM. SK Hynix is effectively a pure-play on...