SK Hynix Inc. shares declined Thursday as investors took profits after a 7% gain in the previous session, while weaker Nasdaq futures and heightened U.S.-Iran tensions added pressure. Brent crude exceeded $102 per barrel and crude prices moved above $97 as Iran signaled readiness for an intensified conflict and President Donald Trump predicted the war would continue beyond the November midterm elections, Trading Economics reported. Trump also pledged a $5,000 "Trump dividend" if the GOP retains Congressional control and proposed renaming the Strait of Hormuz the "Trump Strait." Economist Peter Schiff said delayed geopolitical resolutions would push interest rates and oil prices higher. The stock remains in an intermediate uptrend, supported by demand for artificial intelligence memory chips. TechInsights chief strategy officer Dan Kim rated memory-market conditions eight out of 10 for "craziness" and expects that level to reach 10 through at least late 2027. TechInsights projects DRAM prices to increase more than 200% year-over-year. SK Hynix was down 3.54% at $191.60 in Thursday premarket trading, while technical data showed the stock at $191.75, 15.6% above its 20-day SMA of $165.34 and above its 20-day EMA of $166.54. The September 52-week high of $199.87 is the key resistance level, while $165.34 represents key support near the 20-day SMA.