SK Hynix shares slide 10% in Seoul after stellar Nasdaq debut
"Prudent risk management suggests you have to scale those back."He added that the selling "doesn't really speak to any sort of reduction in the excitement about AI hardware." Wool said the AI investment was broadening beyond semiconductors, but that should continue to benefit memory suppliers such as SK Hynix.
- ▪"Prudent risk management suggests you have to scale those back."He added that the selling "doesn't really speak to any sort of reduction in the excitement about AI hardware." Wool said the AI investment was broadening beyond semiconductors,
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SK Hynix shares tumbled more than 10% in Seoul on Monday after the chipmaker's strong Nasdaq debut Friday, as investors locked in profits and weighed whether surging demand for artificial intelligence memory chips justified the stock's sharp gains.The South Korean memory-chip maker had jumped 13% in its Wall Street debut on Friday, reflecting strong appetite from U.S. investors for AI-linked semiconductor stocks. The decline on Monday reflects a mix of profit-taking and uncertainty over how the U.S.-listed shares should be valued relative to the Korean stock, with analysts saying the ADR debut has effectively created a new benchmark for investors to assess the company's valuation."Everybody's really confused about what's going to happen to the memory demand and where the fair price is,"…
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