Shares of SK Hynix (NASDAQ:SKHY) currently trade at $135.29, well below the consensus Wall Street price target of $244.61. SK Hynix is the South Korean memory heavyweight supplying NVIDIA‘s (NASDAQ:NVDA | NVDA Price Prediction) AI accelerators. Analyst coverage reinforces the tone with 2 Strong Buys, 3 Buys, 1 Hold and zero Sells. Analysts still lean buy with 4 Strong Buys, 18 Buys, 3 Holds, and 1 Strong Sell. The S&P 500 is up 13.36% year to date, meaning SK Hynix has traded like a distressed asset in a rising market.