Shares of SK hynix, a major memory chip supplier to Nvidia, nose-dived on the Kospi bourse Friday as the market reopened for the first time this week, following the release of a low-cost AI model by Chinese startup DeepSeek.
Eric Ross, chief investment strategist at Cascend Securities, discusses Samsung's chip business and how it's being "leapfrogged" by SK Hynix and Micron in the DRAM market.
Shares of SK hynix, a key memory chip supplier to Nvidia, dropped sharply on the Kospi stock exchange on Friday, declining over 9 per cent as the market reopened after the Lunar New Year holiday. The decline follows the debut of Chinese AI startup DeepSeek’s open-source AI model,
SK Hynix Inc. shares tumbled more than 11%, as the South Korean stock market resumed trading Friday after holidays during which Chinese startup DeepSeek shocked the AI world.Most Read from BloombergMa
SK Hynix's shares slumped, hit by the shock from Chinese artificial-intelligence startup DeepSeek as stock trading resumed in South Korea after a four-day holiday.
Necessary upgrades to West Lafayette's infrastructure in preparation for the arrival of chip maker SK hynix are in the air following the federal order pausing funding.
South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would more than double this year, after reporting a quarterly profit record that beat a results estimate for rival Samsung.
West Lafayette Mayor Erin Easter announced a Board of Works meeting Tuesday that various federally funded projects in the community will be paused. Among these is the semiconductor manufacturer SK hynix's $3.
SK hynix has just posted its best-ever yearly earnings for 2024: $46.1 billion in sales, revenues increased by 102% thanks to HBM and AI demand.
Asian markets mostly advanced on Friday, following gains in US equities as investors assessed Big Tech earnings.
Employees complain SK hynix 'scapegoat' in SK Group's cost-cutting measures SK hynix, the world’s second-largest memory chip-maker, is under fire despite announcing hefty incentives for staff following record-high profits in 2024,
A gauge of Asian shares snapped a two-day gain, with Korean chipmakers SK Hynix Inc. and Samsung Electronics Co. weighing as the nation’s markets reopened after the Lunar New Year holidays.