SK Hynix is trading 3.4% up at €1030.00 as memory-chip names rebound following a sharp AI-driven tech sell-off.
- The move follows heavy profit-taking in AI chip leaders and global semiconductor valuation concerns that previously saw the stock drop over 11%.
- Shares are recovering from pressure caused by the Bank of Korea’s surprise rate hike, which had recently weighed on the South Korean tech sector.
- Today’s price action tracks broader strength across the memory-chip industry rather than any new company-specific catalyst.