SK Hynix is trading at $121.70 (4% down) after reporting quarterly earnings that fell short of elevated analyst expectations, triggering a sharp sell-off in the stock and the broader memory-chip space.
- The disappointment has helped drive a global semiconductor downturn, with DRAM peers sliding and technology indices under pressure.
- Investors are reassessing the sustainability of the recent AI chip rally despite the company reporting massive year-over-year profit growth.