Reported about 22 hours ago
SK Hynix Inc. saw its stock decline by 4.7% following strong quarterly profits that, although impressive, failed to meet the high expectations of investors anticipating even greater returns from AI-driven demands for advanced memory chips. Despite reporting a significant increase in operating profit and announcing plans to boost capital expenditure, the chipmaker's shares reflected profit-taking, culminating in a notable shift after a 30% rally this year.
Source: YAHOO