SK Hynix falls 15% in Seoul, cooling its Nasdaq debut rally
According to Reuters, Jing Jie Yu, an equity analyst at Morningstar, said new capacity arriving in 2027 and 2028 should ease supply and pull prices lower.
SK Hynix has led the market for high‑bandwidth memory, the chips used in Nvidia and Google AI systems, with a 58 percent revenue share in the first quarter against 21 percent each for Samsung and Micron, Reuters reported, citing Counterpoint Research.
The sell‑off landed during a rough stretch for chip stocks, which have wrestled this month with high valuations and doubts about the durability of AI spending.
Oil rose on Monday after US President Donald Trump said Washington would reinstate a blockade on Iranian ports, and US equities fell.
Christopher Waller, a governor at the US Federal Reserve, added to the pressure, saying the bank might need to raise rates in the near term if inflation held well above its 2 percent target.
