SK Hynix and Micron Sink 6%, SanDisk Drops 9% as Korea Chip Selloff Hits U.S. Memory Stocks
The DRAM ETF fell 7% as an overnight KOSPI selloff in South Korea sent weakness through U.S. memory and chip stocks.
6 Articles
6 Articles
SK Hynix and Micron Sink 6%, SanDisk Drops 9% as Korea Chip Selloff Hits U.S. Memory Stocks
A Korea-led overnight selloff is dragging the entire U.S. memory sector down hard on Friday, and even a glowing Elon Musk endorsement could not stop Micron from joining the retreat. Here is what is driving the group lower and what traders are watching into the close.
Kim Yong-bum, Chief of the Presidential Policy Office, announced that Samsung Electronics and SK Hynix are set to sign large-scale memory semiconductor supply contracts with U.S. Big Tech companies during President Lee Jae-myung's visit to San Francisco. According to foreign media outlets such as Reuters and Bloomberg on the 24th, Chief Kim foreshadowed major contracts during a press conference with foreign journalists the previous day, taking a…
(Seoul = Yonhap News) Reporter Kim Yu-ah = Samsung Electronics [005930] and SK Hynix [000660] fell sharply on the 24th, recording a decline of 7–8%.
SK Hynix, Samsung and Kioxia Face Pivotal Earnings Test on AI Swings
SK Hynix Inc. and Samsung Electronics Co. are set to test investor appetite for memory chips as South Korea’s stock market — now a bellwether for global AI sentiment — grapples with violent swings driven by leveraged chip bets.
Samsung, SK, and Hyundai Motor ‘AI Collaboration’ with Nvidia, OpenAI, and Others
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