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In just over a month, SK Hynix's market value has evaporated by US$470 billion, transforming from a globally sought-after AI-themed trading target to a problematic stock in investment portfolios. Affected by investors' concerns over overcrowding in AI trading and increased volatility due to leveraged trading, the share price of this South Korean memory chip giant has plummeted approximately 38% from its historic high in June, with its market value shrinkage ranking second only to SpaceX. Despite the AI boom driving up chip prices, with SK Hynix expected to announce record quarterly results again on Wednesday, investors are becoming increasingly cautious, worried that rising memory chip costs may force users to reduce usage and switch to lower-priced alternatives.
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