There are also whispers of delayed back-end equipment orders potentially slipping into 2027, raising questions about the pace of capacity ramp. Some see SK hynix’s share of Nvidia’s HBM supply moderating (JPMorgan has floated figures in the mid-40s % range longer-term) as Samsung and Micron scale up Bottom line: The AI demand backdrop is still powerful, cash generation looks massive, and the company is positioned as a key HBM4 player. #SKhynixQ3HBM4Earnings
