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SK Hynix shares tumble 9% despite 557% rise in operating profit
short by Pravel Jain / on Wednesday, 29 July, 2026
Shares of South Korean memory chipmaker SK Hynix fell on Tuesday despite its quarterly operating profit surging 557% year-on-year to about 60.5 trillion won. The stock closed 8.98% lower at $130.17 on Nasdaq. Investors reportedly remained focused on weaker-than-expected earnings, delays in shipments of next-generation AI memory chips, and concerns over the sustainability of the AI spending boom.
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