SK Hynix slides after AI-fueled Nasdaq debut
SK Hynix’s stock fell more than 12% in Seoul after a blockbuster Nasdaq debut, as investors booked profits and weighed the fair value across US-listed ADRs and Korean shares. Analysts say AI memory demand remains strong and the pullback should be temporary, though valuation gaps and additional share supply from the offering could keep near-term volatility with a rebound expected over the next six to twelve months.