The memory maker’s shares fell 17% after a 557% profit jump still missed estimates, while broader chip stocks also weakened as momentum in the AI semiconductor trade faded.
SK Hynix shares fell 17% after the memory chipmaker reported a 557% rise in profit that still missed analyst estimates, extending a reversal in a stock that had been a favored AI-linked trade. The earnings reaction also coincided with renewed weakness across chip stocks, suggesting strong company results were not enough to restore momentum in the broader AI semiconductor trade. The move highlights how heavily chip valuations depend on confidence that AI infrastructure spending will remain strong.