SK Hynix is trading at €1195, down 3.2%, as investors lock in gains following a sharp multi-day rally fueled by AI memory exposure and its blockbuster Nasdaq ADR listing.
- The pullback aligns with broader caution across the memory-chip sector following recent Chinese earnings and an increasingly crowded semiconductor trade.
- Investors are taking profits to manage risk after extreme volatility in the shares during the recent upward surge.