Seoul chipmaker SK Hynix slumps after Nasdaq debut
PUBLISHED Jul 13, 2026, 6:18 AM ET
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South Korean memory chipmaker SK Hynix fell about 15 percent on its main Seoul listing on Monday, one trading day after a $26.5 billion American Depositary Receipt debut on Nasdaq under the ticker SKHY. The company’s ADRs had surged roughly 13 percent on Friday, drawing strong Wall Street interest in artificial intelligence infrastructure plays. The sharp reversal reflects investor profit-taking and rising concern over the sustainability of AI hardware valuations. Analyst consensus now points to SK Hynix’s second‑quarter operating profit coming in about 8 percent below earlier forecasts, raising questions about longer‑term returns as big tech capital expenditures face mounting pressure.
By James Porter | JQJO News
Timeline of Events
- Friday SK Hynix ADRs debut on Nasdaq
- Friday Nasdaq listing raises 26.5 billion
- Friday ADR price jumps around 13 percent
- Monday Seoul listing drops about 15 percent
- Monday profit‑taking hits AI chipmakers broadly
- Recent analysts trim SK Hynix profit forecasts
- Upcoming second quarter profits seen 8% lower
- Now investors reassess AI infrastructure valuations
News Intelligence
- If you're an investor, SK Hynix's Nasdaq debut and subsequent slump in Seoul is a reminder of the volatility in tech stocks. It's a sign to keep a close eye on your portfolio, especially if you're invested in AI infrastructure. Check how this might impact your investments.
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