The Zhitong Finance App learned that on Monday, SK Hynix (SKHY.US) rose more than 4% in the premarket to $155.38. According to the news, South Korea's chip exports nearly doubled in October, the biggest increase in more than 50 years. South Korean President Lee Jae-myung promised to boldly invest in artificial intelligence to enhance South Korea's economic growth potential. According to a report recently released by Nomura Securities, the market has fundamentally misjudged the pricing of the storage sector, and the current pricing implied that profits will peak. The agency estimates that the expected price-earnings ratio of South Korea's storage company Samsung Electronics and SK Hynix in 2027 is only about 2-3 times, at a discount of 85-90% compared to tech giants.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.