SK Hynix is trading at €842.00, down 14.8% today, following a sharp reversal of its recent AI-driven rally and heavy profit-taking across memory-chip stocks.
- The decline follows a broader 11% plunge in the DRAM and memory sector amid growing fears of peaking memory prices and increased competition from China's CXMT following its IPO.
- Investors are increasingly concerned about a potential slowdown in AI-related capital expenditure from major technology companies, which has previously fueled the sector's growth.