AI arms race: Global AI compute expansion is bottlenecked at HBM (High Bandwidth Memory). SK Hynix is the world's dominant HBM4 supplier — full-year capacity is sold out, customers are already pre-booking 2027 supply. Samsung HBM is equally constrained.

Historic earnings: Samsung Q1 2026 operating profit: ₩57.2 trillion, +750% YoY — one quarter exceeding all of last year. SK Hynix net profit +400% YoY. JPMorgan forecasts storage sector 2026 EPS at roughly 5x the 2025 level.

# JPMorgan Targets KOSPI 10,000: SK Hynix and Samsung are Better Choices?

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