WS #16448
SK Hynix reported record Q3 margins of 79.7% and sold-out HBM inventory through 2029, providing a massive bullish catalyst for the semiconductor sector. The direct US read-through has lifted Micron (MU), Lam Research (LRCX), and Applied Materials (AMAT) by nearly 3-5% at the open. This earnings beat reinforces the AI infrastructure demand thesis, though institutional positioning shows some caution with large bearish call blocks on Micron expiring soon.
SK Hynix Earnings & Semiconductor Rally
SK Hynix reported record Q3 margins of 79.7% and sold-out HBM inventory through 2029, providing a massive bullish catalyst for the semiconductor sector. The direct US read-through has lifted Micron (MU), Lam Research (LRCX), and Applied Materials (AMAT) by nearly 3-5% at the open. This earnings beat reinforces the AI infrastructure demand thesis, though institutional positioning shows some caution with large bearish call blocks on Micron expiring soon.