Movement Alert|CSOP 2x Leveraged SK Hynix Falls 14.41% in Regular Trading, Memory Sector Selloff Triggered by Nvidia Platform Downgrade Concerns

Market Focus06-08

On June 8, CSOP 2x Leveraged SK Hynix (07709.HK) fell 14.41% in regular trading, trading at HK$98.1/share, with trading volume of HK$3.637 billion.

The decline follows a broad global memory chip selloff after research firm SemiAnalysis published a report indicating that Nvidia may reduce SOCAMM DRAM capacity in its next-generation Vera Rubin AI server platform from approximately 55TB to 28TB per rack, cutting rack costs from $7.6 million to $6.8 million. The report triggered concerns over weakening memory demand in AI infrastructure.

SK Hynix, the underlying stock of this 2x leveraged ETF, plunged 9.92% on June 5, while the Philadelphia Semiconductor Index dropped over 10% amid a broader tech selloff partly driven by Broadcom AI chip demand missing expectations. The KOSPI index fell over 5% during the same session. As a 2x leveraged product, the ETF amplifies the underlying stock's losses.

Notably, Nvidia CEO Jensen Huang and SK Group Chairman are expected to announce cooperation plans on Monday, with Huang stating that memory chip shortages will persist for years across the supply chain.

(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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