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Barchart
Barchart
Aditya Raghunath

SK hynix Sinks as AI Stocks Pullback Amid Rising Interest Rates. How to Play SKHY Here.

SK Hynix SKHY Artificial Intelligence Interest Rates Stock Market CNBC CoreWeave Kospi Samsung South Korea

In late July, SK hynix (SKHY) reported Q2 revenue of $51.3 billion with an operating margin of 76%. Sales more than tripled in the June quarter, driven by strong memory demand from major customers.

After a strong rally, the Korea-based tech stock trades 31% below its all-time highs in October 2026. However, in Korea it is down almost over 50% from record levels, losing $660 billion in market cap.

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