Jim Cramer calls for upward revisions to SK Hynix analyst estimates to support valuation amid surging AI memory demand and IPO expectations.
Jim Cramer urged analysts to raise SK Hynix estimates ahead of its highly anticipated NASDAQ IPO, citing Micron’s 18% earnings beat and NVIDIA’s $91 billion Q2 revenue guidance. The call aims to justify the deal’s valuation and mitigate risks from fragmented syndicate allocations, which could disrupt day-one trading.
SK Hynix targets a 30% CAGR in high-bandwidth memory (HBM) as AI-driven demand surges 96% this year. The IPO is poised to be the largest on NASDAQ in years, with institutional interest seen as a stabilizing factor despite retail traders framing it as the next leg of the memory trade.
Polymarket odds place a 59% chance Micron will close above $1,100 by July, reflecting broader optimism in the sector. Cramer’s remarks highlight the need for revised estimates to align with market expectations and ensure a smooth debut.