🔴 DRAM is trading 3.1% down today on SK Hynix downgrade and HBM4 shipment concerns

DRAM is trading 3.1% down following a sharp pullback in memory-chip stocks triggered by a major downgrade to SK Hynix profit forecasts and concerns over slower HBM4 shipments.

• The sector-specific weakness is driven by a reassessment of the AI memory boom's durability as high-bandwidth memory outlooks soften.
• Broader risk-off sentiment is impacting richly valued semiconductor and AI names as investors weigh heightened geopolitical tensions.
• The decline reflects a significant shift in market confidence regarding the immediate growth trajectory of the memory-chip industry.