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News in English (USA) / 29.07.2026 / 17:00

SK Hynix Reports Record Profit But Stock Plummets Amid Investor Discontent

SK Hynix, the South Korean memory chip giant, announced a staggering 557% increase in net profit, achieving a record for the company. Despite this impressive figure, the stock fell sharply by over 10%, disappointing investors who had high expectations tied to the booming AI market. Analysts suggest that even such remarkable earnings failed to satisfy the lofty standards set by Wall Street, leading to a harsh reaction in the stock market. The tech sector, particularly chip stocks, faced a sell-off following these results, with many firms, including Micron and SanDisk, also experiencing significant declines. The overall sentiment indicates that while demand for AI-related memory products remains robust, investor hopes for continued exponential growth may have outpaced reality, raising concerns about the sustainability of the current chip boom.
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