SK Hynix drops 12% on Nasdaq after strong recent performance

SK Hynix's stock rose by 13% in its initial trading on the NASDAQ, before falling more than 12% in today's session, amid concerns about taking profits and the stock's valuation compared to its South Korean counterpart. The decline reflects a mix of quick gains being realized and uncertainty about future demand for AI-related memory chips, with analysts believing that demand still exceeds supply and that the volatility is temporary. It is believed that the market will continue to experience positive movements in the medium term despite short-term fluctuations.

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