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CNBC
SK Hynix shares slide 10% in Seoul after stellar Nasdaq debut
SK Hynix experienced a significant drop in share price, declining over 10% after an impressive 13% increase during its Nasdaq debut. This sell-off is attributed to profit-taking by investors and concerns regarding the sustainability of demand for AI-related memory chips. Analysts indicate that this volatility is normal as the market tries to find a fair valuation for the company across its U.S. and Korean listings, especially given the oversupply from additional share issuance.
MonitorConfidence: MediumShort term horizon
Published 13 Jul 2026, 02:55 UTC2 min read
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Summary
TL;DR
- Shares fell more than 10% in Seoul after strong Nasdaq debut.
- The stock jumped 13% in its Wall Street debut on Friday.
- Profit-taking and valuation concerns drove the decline.
- Analysts suggest the sell-off may be temporary.
- Structural AI demand expected to outpace supply over time.
Interesting facts
- The ADR debut has created a new benchmark for assessing company valuation.
- The discount between U.S. and Korean listings exceeds 20%.
- Investors are repositioning portfolios amidst strong gains in AI chipmakers.