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The Economic Times
The Economic Times
Business

$600 billion wiped out in a month, cracks exposed in SK Hynix chips

SK Hynix Memory

A nearly $600 billion rout in just a little over a month has flipped SK Hynix. from one of the world's hottest artificial intelligence trades to one of the biggest portfolio question marks.

Shares of the South Korean memory chipmaker have plunged 47% from their all-time high in June on concerns about overcrowding and a surge in leverage-induced volatility. Its loss in market value over that span rivals that of even SpaceX.

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