Korean chip stocks tumble with SK Hynix below US listing price amid China competition fears
What's happening
SK Hynix shares plunged about 40% in the last 30 days, prompting a trading halt on the Korean exchange and pushing the stock below its US listing price. The company still reported a sixfold rise in Q2 profit and a record profit tied to AI memory demand, but it missed some forecasts. Samsung and SK Hynix reportedly locked in AI chip supply through 2030 with $950 billion in US deals, while concerns about Nvidia financing and China competition have put continued pressure on both Samsung and SK Hynix. Separately, Anthropic is seeking SK Hynix supply for AI chips, and market chatter includes hopes that Korean market ruptures might free up RAM and GPU supply.
Why it's trending
Rapid profit beats and huge US supply deals are colliding with investor fears over China competition and Nvidia-related financing, driving a sharp short-term selloff.
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If SK Hynix fell 40% in a month yet posted a sixfold Q2 profit, maybe the selloff is priced for a different risk, not fundamentals, here's why that matters now.
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Original sources10
- SK Hynix posts sixfold rise in Q2 profit on AI chip demand, misses forecastsYahoo FinanceJul 28
- SK Hynix posts record profit, flags sustained AI memory demand despite earnings missReutersJul 28
- SK Hynix stock fell some 40% in the last 30 days, finally cheap RAM and GPUs again?
They actually halted trading on the Korean stock exchange today. Finally some hope? And do you think the ruptures in the Korean market will finally free up supply again, and we can finally go back to normal? Or are we doomed to continue the hardware-starved life we endured for the past 12 months?
r/LocalLLaMAJul 28
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