SK Hynix is trading at $130.06 (-7.40%) amid a sharp selloff in memory-chip stocks driven by sector-wide DRAM weakness and investor profit-taking ahead of its July 29 earnings report.
- Broader tech sentiment is under pressure as investors weigh concerns over increased Chinese competition and geopolitical tensions affecting the semiconductor industry.
- Shares are also sliding due to risk-off flows and cooling expectations regarding AI-memory demand following a strong recent rally.