SK Hynix Rating Elevated by S&P Global Amid AI Demand

By EC Assets · Published 19 August 2026

S&P Global upgraded SK Hynix's rating to A, . The upgrade reflects the memory, chip company's strength in artificial intelligence. This move comes as SK Hynix's shares have experienced significant price movements. SK Hynix announced a $29 billion buyback plan. The company indicated its stock is undervalued. Current share prices do not reflect its intrinsic value, following a recent selloff. SK Hynix recorded strong financial performance in Q2. Revenues increased by 257 percent. This growth was driven by demand for High Bandwidth Memory (HBM), DRAM, and NAND. The company's results indicate that the artificial intelligence boom continues. SK Hynix previously experienced a 60 percent stock drop. This was followed by a 30 percent rebound. This article is intended for informational purposes only. It does not constitute investment advice.