On July 30, SK hynix fell 3.44% in after-hours trading, trading at $122.43/share, with turnover of approximately $90.55 million.
On the news front, SK hynix reported Q2 operating profit surging 557% year-over-year to 60.5 trillion KRW and revenue rising 257% to 79.3 trillion KRW, both all-time highs, but falling short of market expectations of 64 trillion and 84 trillion KRW respectively. This marks the company's first consensus miss during the current AI super cycle.
The earnings shortfall comes amid severe sector-wide pressure, with the Philadelphia Semiconductor Index down nearly 19% in July. The company emphasized during its earnings call that AI investment has not slowed, with major cloud providers continuing to demand more memory chips, and disclosed long-term agreements signed with approximately 10 customers. However, concerns over whether AI infrastructure spending can sustain elevated valuations continued to weigh on sentiment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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