Macquarie analyst Daniel Kim has set a Street-high price target of $355 for South Korean memory heavyweight SK Hynix, implying a 162% upside from current levels. This bullish outlook comes despite SK Hynix's shares dropping 20% post-IPO from $168 to $135, with a significant decline on August 6-7 triggered by a broader AI selloff. Kim's prediction is based on SK Hynix's near-monopoly position in supplying HBM3 and HBM3E to Nvidia, higher-than-expected average selling prices (ASPs), expanding gross margins on server DRAM and premium enterprise SSDs, and prolonged capacity tightness for high-end memory. The company also reported record Q2 2026 earnings and committed $38.1 billion to build new fabs, signaling confidence in sustained demand.