On July 30, SK hynix fell 4.41% in pre-market trading, trading at $121.51/share, with turnover of $41.56 million. The decline extends a multi-day selloff triggered by the company's Q2 earnings miss and persistent weakness across the semiconductor sector.

SK hynix reported Q2 operating profit surging 557% year-over-year to 60.5 trillion KRW and revenue rising 257% to 79.3 trillion KRW, both setting all-time records. However, results fell short of consensus estimates of 64 trillion KRW and 84 trillion KRW respectively, marking the company's first miss of the current AI super-cycle. The Philadelphia Semiconductor Index has declined approximately 19% in July, on pace for its worst monthly drop since 2008, amplifying selling pressure on individual names.

The stock had previously plunged as much as 20% intraday on the Korean exchange before closing down 9.6%, and has now fallen roughly 53% from its June all-time high. Analyst firm Daiwa noted the pullback appears overdone, while CLSA maintained its outperform rating, suggesting the stock has priced in multiple headwinds including concerns over AI capex sustainability and competition from Chinese memory makers.

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