SK Hynix shares fell 9.6% on July 29, 2026, after the company reported a record Q2 profit that failed to meet high investor expectations driven by the AI chip boom.
While the company posted significant year-on-year growth, the market reacted negatively to the shortfall in projected revenue from high-bandwidth memory (HBM) sales.
The sell-off triggered a broader decline in Asian tech stocks, highlighting investor anxiety over the sustainability of current valuations in the semiconductor sector.