🔴 SK Hynix is trading 9.1% down today on a broader semiconductor rout and AI-spending concerns

SK Hynix is trading at $118.29 (-9.13%) following a sharp slide across the semiconductor sector.

• The decline matches a broader memory-chip rout tied to China competition fears, concerns over AI-spending sustainability, and profit-taking.
• The stock has faced additional pressure from sector-wide DRAM weakness ahead of its scheduled July 29 earnings report.