SK Hynix is trading 3.9% up now at $158.29 as its Nasdaq ADR rebounds following a sharp two-day profit-taking selloff tied to AI-memory valuation concerns.
- The move follows a significant decline of approximately 21% between July 14 and July 16, driven by investors cashing in post-listing gains.
- Despite the rebound, the sector faces ongoing pressure from worries over peak AI memory demand and rising Chinese competition.