SK Hynix filed a Korea Exchange regulatory denial of reports it would acquire Intel's Ohio fab; SKHY shares dropped 4% but then trimmed the loss to 2%.
Micron stock held flat and Western Digital stock rose 2%, confirming that the sell-off is mainly SK Hynix-specific rather than a broad memory sector retreat.
SK Hynix's role as NVIDIA's primary HBM supplier stays intact, with its July 29 earnings the next catalyst for shipment and spending guidance.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Shares of SK Hynix (NASDAQ:SKHY) are trading lower this Wednesday morning, with SK Hynix stock down 2% to $167.72 after an early dip of 4%. The Korean memory giant pared much of that loss after issuing a formal denial of a Korea JoongAng Daily report claiming it was in talks to acquire Intel's (NASDAQ:INTC) under-construction Ohio semiconductor fab campus.
#skhy
Micron stock held flat and Western Digital stock rose 2%, confirming that the sell-off is mainly SK Hynix-specific rather than a broad memory sector retreat.
SK Hynix's role as NVIDIA's primary HBM supplier stays intact, with its July 29 earnings the next catalyst for shipment and spending guidance.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Shares of SK Hynix (NASDAQ:SKHY) are trading lower this Wednesday morning, with SK Hynix stock down 2% to $167.72 after an early dip of 4%. The Korean memory giant pared much of that loss after issuing a formal denial of a Korea JoongAng Daily report claiming it was in talks to acquire Intel's (NASDAQ:INTC) under-construction Ohio semiconductor fab campus.
#skhy
5 days ago
