SK Hynix Shares Plunge After Strong Nasdaq Debut as Earnings Optimism Fades
The Globe and Mail—Shares of SK Hynix fell sharply in the days following the South Korean memory chipmaker's debut on Nasdaq, reversing an initial surge as investor optimism about near-term earnings growth dimmed. The stock's tumble raised questions about the sustainability of AI-driven demand expectations for advanced memory chips. The selloff came despite the company's chairman expressing strong confidence in surging chip demand at the time of the listing.