• SK Hynix ADRs are plunging over 8% today as the stock undergoes a correction following its recent Nasdaq debut and a wider sell-off in semiconductor shares.
  • This follows a strong debut on July 10, 2026, where shares jumped 13–17% from the initial $149 offer price.
  • The decline is attributed to post-IPO profit-taking and a broader semiconductor sector pullback driven by valuation concerns and reassessments of AI infrastructure spending.