Nomura Keeps Bullish Target Prices for Samsung and SK hynix
Global investment bank Nomura maintained its target prices for Samsung Electronics and SK hynix at 670,000 won (about $504.4) and 4,700,000 won(3,538.8), respectively, stating, “The memory supply shortage will continue until 2028.”According to the securities industry on Oct. 20, Nomura maintained a
Nomura, a global investment bank, recently upheld its bullish target prices for Samsung Electronics and SK hynix. They predict a memory supply shortage until at least 2028, despite concerns over slowing AI company revenue growth and the advancement of Chinese memory technology. Both companies were selected as 'Buy' stocks, maintaining their target prices of 670,000 won and 4,700,000 won, respectively.
Nomura believes that AI demand and the industry's profit-generating capacity vastly outweigh these concerns. The bank estimated a 61% increase in OpenAI and Anthropic's combined revenue by the fourth quarter of 2026, with current revenue needing to reach approximately $43.9 billion. Meanwhile, they forecast that new global data center capacity will grow from 22.3 GW this year to 31.5 GW in the following year, representing a 77% expansion compared to the previous year.
This expanding gap in cash-generating ability within the AI value chain is enhancing the investment appeal of semiconductor companies.
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