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Benzinga
Benzinga
Business
Rishabh Mishra

Jim Cramer Slams 'SK Hijinx' as SKHY's Record Earnings Meet Brutal Stock Crash: 'We Will Rue the Day We Let This Monster Into Our Markets...'

West,Bangal,,India,-,July,5,,2024:,Sk,Hynix,Chips

CNBC host Jim Cramer has sounded the alarm on SK Hynix Inc. (NASDAQ:SKHY), labeling the South Korean memory giant a "Monster" that is destabilizing global markets as retail margin calls and leveraged gambling overshadow strong chip fundamentals during July’s severe semiconductor rout.

‘Monster’ Volatility and Margin Call Panic

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