Stop me if you’ve heard this before: An AI-linked company crushed earnings forecasts, but investors weren’t impressed and the stock sank anyway. It turns out that the market was more focused on the company’s extravagant spending plans. A tough shot, right? Well, it’s been happening with some regularity, including twice this month. Taiwanese chipmaker TSMC
South Korea’s SK Hynix has been on a rollercoaster ride recently, but little has actually changed in its position at the center of the AI boom. On Wednesday, the memory giant’s Seoul-listed shares rose as much as 13% after its Nasdaq-listed American Depositary Receipts rose 27% overnight. The rally followed a sharp sell-off earlier this
Popular South Korean chip stock SK Hynix plunged on Wednesday as a sell-off in AI semiconductor stocks overshadowed investor enthusiasm ahead of the memory giant’s debut on Nasdaq later this week. The stock fell along with its semiconductor peers, including Samsung Electronics, despite demand for SK Hynix’s upcoming U.S. listing, which is several times oversubscribed,
