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The Latest Breaking News from SK Hynix

Memory maker SK hynix's profit rises 557% amid global shortage, expansion costs climb to $27 billion — shares slide despite mammoth earnings as expectations outpace reality and global AI selloffs continue

SK hynix has reported second-quarter revenue of 79.32 trillion won, and operating profit of 60.54 trillion won, the latter up 557% year over year.

Tom’s Hardware

Micron Technology CEO Sold $37.2M of the Stock Days Before South Korea's KOSPI Crash

Micron Technology CEO Sold $37.2M of the Stock Days Before South Korea's KOSPI Crash

Micron Technology's stock fell sharply amid a semiconductor sell-off driven by AI spending concerns and Chinese competition, with CEO Sanjay Mehrotra selling shares before the decline.

International Business Times UK

This Top Homebuilder's CEO Just Said the Housing Market Is 'Pretty Good'— Even as Revenue Fell 11%

This Top Homebuilder's CEO Just Said the Housing Market Is 'Pretty Good'— Even as Revenue Fell 11%

PulteGroup, Inc. (NYSE:PHM) CEO Ryan Marshall said that the U.S. housing market remains stronger than many believe, pointing to broad-based demand across buyer segments and continued momentum in Florida despite affordability pressures.

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Jim Cramer Slams 'SK Hijinx' as SKHY's Record Earnings Meet Brutal Stock Crash: 'We Will Rue the Day We Let This Monster Into Our Markets...'

CNBC host Jim Cramer has sounded the alarm on SK Hynix Inc. (NASDAQ:SKHY), labeling the South Korean memory giant a "Monster" that is destabilizing global markets as retail margin calls and leveraged gambling overshadow strong chip fundamentals during July’s severe semiconductor rout.

Stock Index Futures Gain With Focus on Fed Rate Decision and Big Tech Earnings

September S&P 500 E-Mini futures (ESU26) are up +0.24%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.32% this morning as a selloff in chipmakers abated, while investors awaited earnings from two of the world’s largest AI spenders and the Federal Reserve’s interest rate decision.

DRAM chip supply to module makers could drop by more than 70% year-on-year in 2027, says Apacer CEO — demand for HBM and server RAM continues to devour manufacturing capacity

Apacer warns DRAM allocations to module makers could fall below 30% of 2026 levels as AI demand tightens supply and pushes memory prices higher.

Tom’s Hardware

FTSE 100 hits record high despite AI sell-off

Strong corporate results buoy market as investors move money away from tech and semiconductor stocks

The Guardian - UK

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South Korean chipmaker SK hynix reports 1,242% profit surge on booming AI demand

South Korean chipmaker SK hynix reports 1,242% profit surge on booming AI demand

Despite record second-quarter profits fuelled by AI demand, SK hynix shares plunged as investors questioned whether the boom can last amid Middle East tensions.

KOSPI Sinks Over 12% in Worst Two-Day Drop Ever as AI Chip Sell-Off Deepens After SK Hynix Misses Expectations

KOSPI Sinks Over 12% in Worst Two-Day Drop Ever as AI Chip Sell-Off Deepens After SK Hynix Misses Expectations

South Korea’s benchmark KOSPI index plummeted another nearly 6% on Wednesday, extending a brutal semiconductor sector selloff that was aided by SK Hynix Inc.‘s (NASDAQ:SKHY) profit miss, despite record-breaking second-quarter financial results. The index has slipped over 33% in July and posted the worst two-day fall in history.

Oil jumps after Iran attempts ‘surprise attack’; chip stocks slump further as AI sell-off continues – as it happened

Oil jumps after Iran attempts ‘surprise attack’; chip stocks slump further as AI sell-off continues – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Kospi crashes 44% in a month but Nomura sees 109% upside in South Korea's stock market. Here's why

Kospi crashes 44% in a month but Nomura sees 109% upside in South Korea's stock market. Here's why

South Korea's Kospi index dropped 44% from its June peak amid global AI growth worries and foreign fund outflows. Despite the sharp pullback into bear market territory, Nomura projects up to 109% upside, setting a 10,000-11,000 target driven by corporate share buybacks, strong AI earnings, and governance reforms.

The Economic Times

Explained: How Korea’s SK Hynix triggered massive $17.4 million in crypto losses?

Explained: How Korea’s SK Hynix triggered massive $17.4 million in crypto losses?

A rogue pre-market trade in SK Hynix shares in Seoul triggered a 20% flash drop in crypto perpetual contracts on Hyperliquid. The oracle price anomaly wiped out nearly $60 million in long positions, resulting in $17.4 million in realised losses for over 900 crypto traders.

The Economic Times

Kospi crashes 12% after SK Hynix earnings; best performing Asian market of 2026 plunges 43% in a month. What’s ahead?

Kospi crashes 12% after SK Hynix earnings; best performing Asian market of 2026 plunges 43% in a month. What’s ahead?

South Korea's Kospi index crashed over 11% on Wednesday, extending its drop to 43% from its June peak into technical bear market territory. The sharp plunge, triggered by earnings from chipmaker SK Hynix that missed lofty AI-fueled market estimates, prompted government reviews into market stabilisation measures.

The Economic Times

South Korea's Kospi share index falls nearly 7%, other Asian shares also mostly lower

South Korea's Kospi share index falls nearly 7%, other Asian shares also mostly lower

South Korea’s Kospi share index has dropped nearly 7% on prolonged selling of chipmaking shares

The Independent UK

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Cathie Wood Bets Big on Nvidia Stock: Ark Buys $15.6 Million Worth of Shares as Jim Cramer Calls Chip 'Absurd' — Ark Loads Up on SpaceX, Tesla

On Tuesday, Cathie Wood’s Ark Invest stayed active in a volatile tech tape, adding to several headline growth names while trimming others. The most notable move was another broad push into SpaceX (NASDAQ:SPCX), followed by sizable trades in Tesla Inc. (NASDAQ:TSLA), Nvidia Corp. (NASDAQ:NVDA), Amazon.com Inc. (NASDAQ:AMZN) and Alphabet Inc.…

The Economic Times

SK Hynix's record profit misses forecasts; shares slump 10% despite robust AI chip demand

The Nvidia supplier's quarterly operating profit soared more than sixfold to a record high, but it said delays in shipments of some advanced products limited price gains for its mainstay dynamic random access memory (DRAM) chips. Shares in SK Hynix tumbled 10% as the weaker-than-expected earnings heightened investor ‌concerns about…

SK Hynix Stock Dips 2% in Wednesday Premarket After Profit Miss as Jim Cramer Calls the Results Not That 'Bad' (UPDATED)

(Editor’s note: This story and its headline have been updated to reflect SKHY’s premarket move.)

The Economic Times

$600 billion wiped out in a month, cracks exposed in SK Hynix chips

SK Hynix shares have seen a significant decline recently. Concerns about market overcrowding and leverage have impacted the stock. Recent reports on Chinese progress fueled further worries about capacity. Despite expected record earnings, investors are becoming cautious about memory chip prices. The company's stock still shows strong annual gains due…

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The Economic Times

South Korean shares rebound from three-month low

South Korean shares saw a rebound on Wednesday after a significant previous day's fall. Investors engaged in dip buying, focusing on domestic chipmaker earnings and major US tech firms. The benchmark KOSPI index experienced a notable increase, recovering from its lowest close in weeks. Chipmaker SK Hynix reported strong quarterly…

TSMC and Tencent break into the top 100 of the Fortune Global 500 list, as Asia rides the AI boom

Here's who's rising, and who's debuting, from Asia on this year's Global 500, Fortune's ranking of the world's largest companies by revenue.

SK Hynix Earnings Could Decide Whether Wall Street Has Misread The AI Memory Selloff

Since last month, when memory stocks hit their highs, SK Hynix Inc. (NASDAQ:SKHY) has plunged nearly 47%, and SanDisk Corp. (NASDAQ:SNDK) has lost more than 50%. Micron Technology Inc. (NASDAQ:MU) and Western Digital Corp. (NASDAQ:WDC) have each fallen roughly 33%.

Broadcom Secures Memory Chip Deal With Samsung. What This Means for AVGO Stock Investors.

With this new deal running through 2030, how should investors approach AVGO?

The Economic Times

Explained: The $400 million ASML 'printers' key for the AI chip boom

Advances in AI and a global buildout of data centres have led chipmakers to expand capacity rapidly. ASML supplies tools to TSMC, which makes chips for Nvidia, as well as to memory chip makers like SK Hynix, Samsung and Micron.

Evening Standard

Earnings tonic boosts FTSE 100 as oil falls back

Well-received earnings from Unilever, Croda and GSK spurred gains on the blue-chip FTSE 100.

Is the AI Chip Trade Actually Cracking? $1 Trillion Wiped Out in Korea — And It's Spreading

Six weeks. Four separate chip-stock selloffs. A combined $1 trillion wiped off Korea’s top four chipmakers. If you’re wondering whether the AI trade has hit a wall, you are not alone.

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