SK Hynix is trading 5.7% down at €932.00 as recent AI-driven gains face a sharp reversal amid a broader memory-chip sector selloff.
- Heavy profit-taking is hitting AI beneficiaries following the earlier rally sparked by the NVIDIA AI memory partnership.
- Sector-wide weakness in DRAM names reflects heightened fears regarding increased Chinese competition and future pricing pressure.
- The move marks a significant cooling period for major memory players as investors reassess sector valuations.