Soros and Polen Capital Add SK Hynix Even as a Halved Price Target and Nvidia Jitters Weigh on the Stock

Two institutional investors disclosed fresh SK Hynix stakes just as the memory maker's shares came under pressure, offering a split-screen view of a stock caught between long-term conviction and near-term anxiety.

Soros Fund Management reported a new position of 325,000 American Depositary Receipts as of September 30, valued at roughly $59.85 million at the closing price on that date, according to a filing published yesterday with the U.S. Securities and Exchange Commission. The holding belongs to the fund itself and is not attributable to George Soros personally. Because the valuation is pegged to the quarter-end price, the disclosure gives investors a snapshot of the manager's positioning that is strictly limited in time.

A Broader Rotation Within Semiconductors

During the third quarter of 2026, Soros Fund Management trimmed its Nvidia stake and picked up SK Hynix along with Intel, shifting the weighting inside its semiconductor exposure. Polen Capital's Global Growth portfolio followed a comparable pattern, adding SK Hynix, AMD and Seagate Technology while cutting back on Nvidia and Broadcom. Both reports thus document buying in SK Hynix alongside reductions in other chip names.

Polen's Global Growth Composite returned 3.45% after fees in the third quarter of 2026, against 1.60% for the MSCI ACWI benchmark.

Such moves point to interest in SK Hynix that goes beyond short-term trading. They would only become a durable positive signal, however, if demand for the company's memory chips holds up despite funding uncertainty across the AI sector.

The Nvidia Connection Cuts Both Ways

SK Hynix's role as an HBM supplier to Nvidia captures how tightly opportunity and risk are intertwined. Greater diversification of Nvidia's supply chain could open additional avenues for competitors.

At the same time, Nvidia is reviewing its credit and financing commitments to AI customers, according to the Wall Street Journal. Stricter vetting could make it harder to fund planned projects — a risk for SK Hynix if memory orders are postponed or scaled back as a result.

Shares Slip as Sector Sentiment Sours

The stock gave back 3.0% yesterday to close at 1,216,000.00 KRW. Media reports pointed to investor caution over the possible fallout from the departure of Nvidia chief Jensen Huang on the wider AI ecosystem, and the South Korean equity market also came under pressure.

The weakness spread across memory and semiconductor names. Micron was among the decliners, and Nvidia's softness weighed on the Philadelphia Semiconductor Index, with reports focusing both on the implications of the leadership change at Nvidia and on expectations for AI and memory demand.

Morgan Stanley Trims Its Target but Stays Bullish

Morgan Stanley cut its price target on SK Hynix to 1.6 million Won from 2.6 million Won. Even after that steep reduction, the brokerage kept its positive rating and continued to recommend an overweight position.

The lower target reflects the risk that tightness in the memory market could ease, the analysts said. They also flagged concerns about slower data-center growth after 2028, framing the more cautious valuation around possible shifts in market supply and demand rather than reported business figures for that period.

For investors, the institutional buying disclosed this week sits opposite a concrete source of uncertainty. What matters is whether the planned AI investments turn into financed projects — and reliable memory orders.