SK Hynix Plunges 15% After Nasdaq Debut
Part of composite article SK Hynix Crashes 15% on Nasdaq Debut as Asia Tech Stocks Stage a Rebound View full article →
South Korean chipmaker SK Hynix saw its stock drop more than 15% on its first day of trading on the Nasdaq. The decline followed a successful initial public offering, raising $3.8 billion. Analysts cited concerns over falling memory chip prices and weaker demand from key customers. The company, a major supplier to tech giants like Apple and Nvidia, now faces increased scrutiny from investors.