SK Hynix continued its sharp decline in Seoul on Tuesday, with a decline of more than 20% over the past two days; global AI hardware stocks were sold off, heightening the market's doubts about the “rising too fast and going too far” this year's astonishing rise in chip stocks. Following a record 15% sharp drop on Monday, the South Korean chip giant temporarily fell 9% on the Korea Exchange on Tuesday. Korea's benchmark Kospi index fell 5.3% at one point. The stock price of Samsung Electronics in the same industry fluctuated. The latest wave of decline comes as investors continue to sell global technology and hardware stocks, and the market is increasingly concerned about overcapacity in the AI sector. For SK Hynix, which ranked among the best in the world in terms of stock price performance this year, sharp fluctuations in stock prices also highlight the extremely large scale of leveraged bets associated with it. As trading sentiments in Seoul and Wall Street influence each other, the company's ADR listing in the US may amplify share price fluctuations. As the July 23 earnings release date approaches, stock prices are likely to fluctuate even more sharply. Part of the reason for Monday's selling pressure was that a local brokerage firm issued a report believing that SK Hynix's operating profit may be lower than the market consensus estimate.

SK Hynix continued its sharp decline in Seoul on Tuesday, with a decline of more than 20% over the past two days; global AI hardware stocks were sold off, heightening the market's doubts about the “rising too fast and going too far” this year's astonishing rise in chip stocks. Following a record 15% sharp drop on Monday, the South Korean chip giant temporarily fell 9% on the Korea Exchange on Tuesday. Korea's benchmark Kospi index fell 5.3% at one point. The stock price of Samsung Electronics in the same industry fluctuated. The latest wave of decline comes as investors continue to sell global technology and hardware stocks, and the market is increasingly concerned about overcapacity in the AI sector. For SK Hynix, which ranked among the best in the world in terms of stock price performance this year, sharp fluctuations in stock prices also highlight the extremely large scale of leveraged bets associated with it. As trading sentiments in Seoul and Wall Street influence each other, the company's ADR listing in the US may amplify share price fluctuations. As the July 23 earnings release date approaches, stock prices are likely to fluctuate even more sharply. Part of the reason for Monday's selling pressure was that a local brokerage firm issued a report believing that SK Hynix's operating profit may be lower than the market consensus estimate.