SK Hynix shares fell 13% on Tuesday after the company's record-breaking quarterly profit failed to meet high market expectations driven by the AI chip boom.
The company reported a 557% year-on-year profit increase, yet investors reacted negatively to the earnings miss, signaling concerns over the sustainability of the current AI-driven valuation surge.
This sell-off has contributed to a broader downturn in Asian tech markets, as investors brace for upcoming earnings reports from other major global technology firms.