SK Hynix is trading 3.7% down at €982.00 as profit-taking and a broader sector decline reverse the momentum from its recent NVIDIA AI memory partnership rally.
- Shares are pulling back from an extreme run-up triggered by reports of a $500B+ long-term AI memory supply deal with NVIDIA.
- A 4% sector-wide drop in DRAM and memory stocks is weighing on the price as investors reassess valuations following last week's surge.
- The reversal reflects a cooling of sentiment as market participants lock in gains amid broader industry pressure.