SK Hynix is trading at €1060.00, down 6.6% today, as investors react to the company's massive new investment commitments amid a broader downturn in the semiconductor sector.
- The company's board approved a â‚©7.09 trillion investment in advanced AI memory packaging, sparking concerns over heavy capital expenditure and prompting some profit-taking.
- Sentiment was further pressured by reports that the firm rejected a potential deal with Intel and a wider technology sell-off triggered by Alphabet’s recent AI spending update.