[SK Hynix Stock Volatility Still Favored by Institutions: HBM4 and Long-Term Supply Agreements Support Growth in the AI Era] DeepTech TechFlow reports that on August 8, according to South Korean media outlet NATE, SK Hynix's stock price has experienced significant fluctuations recently, driven by the AI investment boom. Amid heightened market volatility, SK Group released an advertisement quoting a famous saying by its founder Chey Jong-hyun (최종건): 'Despair and hope are two sides of the same coin; despair can be turned into hope as easily as flipping a hand.' The quote was adapted to say, 'The unease and anticipation of the AI era are also two sides of the same coin; unease can be turned into anticipation,' conveying confidence in the long-term development of the AI industry. Securities institutions believe that the short-term stock price fluctuations have not altered SK Hynix's fundamentals. The market should focus on its leading HBM4 technology advantage and the performance stability brought by long-term supply agreements (LTA). Hyundai Motor Securities analyst Roh Geun-chang (노근창) stated that SK Hynix's DRAM and NAND bit growth rates are expected to reach 9.7% and 1.5%, respectively, in the third quarter. With the expanding contribution of HBM4 sales, even with an increased proportion of long-term supply agreements, the average selling price (ASP) of DRAM is still expected to rise 19.9% quarter-on-quarter. Regarding concerns about competition from China's ChangXin Memory Technologies (CXMT), Roh Geun-chang believes that considering the U.S.'s continued tightening of semiconductor equipment export restrictions and Micron's expansion of domestic investments in the U.S., the likelihood of major companies like Apple adopting Chinese memory chips remains low.