SK Hynix Sinks 4% as Seoul Selloff Revives AI Spending Fears; SanDisk Drops 3%, Micron Eases
A Seoul-led memory selloff sent SK Hynix down 4% and dragged SanDisk and Micron lower as investors questioned whether AI spending is peaking.
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BizTocSK Hynix Sinks 4% as Seoul Selloff Revives AI Spending Fears; SanDisk Drops 3%, Micron Eases
Memory chip stocks are giving back ground as a selloff in Seoul revives worries about how long the AI spending boom can last. SK Hynix (NASDAQ:SKHY) stock is trading lower this morning, down 4% at $137.03, leading memory names lower. At the same time, SanDisk (NASDAQ:SNDK) shares are down 3% to $1,336.86. Moreover, Micron Technology […]
(Seoul=Yonhap News) Reporter Hwang Cheol-hwan = Samsung Electronics [005930] and SK Hynix [000660] declined by 3% and 4%, respectively, and traded on the regular market on the 20th...
Micron's Supply Deal and Taiwan Deal Are Real — They Just Don't Answer the Market's Question
Micron Technology shares fell 6.1% on the day, caught in a worldwide selloff of AI-linked equities that has little to do with the company’s own announcements. The news agency AP attributes the retreat to worries about how data-center buildouts and AI chip purchases will be financed, alongside concerns about stretched valuations. Reuters, meanwhile, reported that […]
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