SK Hynix is trading 4.9% down at €1070 as the stock faces a sharp pullback amid a broader technology sector selloff and growing concerns over heavy AI infrastructure spending.
- The decline follows the company's July 22 decision to boost investment in its P&T7 advanced AI memory packaging plant to â‚©7.1 trillion.
- Investors are reassessing valuations and capital intensity as sentiment weakens across major global technology names.
- The move marks a significant reversal from recent AI-driven gains as the market weighs the long-term impact of increased capital expenditure.