Key highlights: SK Hynix fell more than 7%, making it the weakest major semiconductor stock in Tuesday trading. The decline spread across the broader chip sector, with Nvidia, Samsung Electronics, and Micron also moving lower. Investors are reassessing valuations after the powerful AI-driven rally in memory and semiconductor shares earlier this year. SK Hynix suffers […]
Tag: HBM
Key highlights: SK Hynix is set to begin trading on Nasdaq under the ticker SKHY on Friday (July 10), giving U.S. investors direct exposure to the AI memory market The company is the leading supplier of high-bandwidth memory (HBM) chips used in Nvidia’s AI accelerators SK Hynix plans to raise approximately $29 billion while investing […]
Key highlights: Bank of America is still predicting a 78% upside for Nvidia shares The stock is currently trading at about 18x forward earnings, its lowest valuation in seven years BofA said the market is underestimating the company’s pricing power The potential end of the AI boom has been a major talking point in the […]