🔴 SK hynix Inc. is trading 18% down today on AI chip profit-taking and sector weakness

SK hynix Inc. is trading 18% down at $1135.00 today as investors take profits following a sharp multi-day pullback from its late-May rally.

• The move aligns with broader semiconductor sector weakness sparked by Broadcom’s post-earnings slide and growing concerns regarding stretched AI valuations.
• Analysts suggest the decline is driven by market-wide profit-taking in high-flying AI names rather than any company-specific setbacks for SK hynix Inc.