Chip Stocks Slide as SK hynix Misses Expectations Despite AI Memory Demand

AI chip stocks fell after SK hynix’s second-quarter results disappointed investors, even though the company said AI memory demand remained strong. Revenue and profit misses came from delayed shipments that restrained DRAM pricing gains, prompting a broad selloff in U.S. chip names (Nvidia about 3%, AMD around 6% lower, Micron roughly 3%), with Qualcomm, Broadcom and peers like Applied Materials, Lam Research, TSMC, Marvell, and KLA also trading lower as traders weigh memory pricing trends against ongoing AI infrastructure spending.