SK Hynix loses over $660 billion after June peak
In short
SK Hynix shares dropped more than 57% from their June high, and the company lost over $660 billion in market value. The stock had earlier jumped 1,000% in 12 months as investors chased AI-linked memory chip plays.
This matters because it shows how quickly market bets on AI can reverse. The reporting does not say what triggered the fall.
What the reporting says
SK Hynix shares fell more than 57% from their June peak, erasing over $660 billion in market value, according to a publisher summary. The report says the stock had surged 1,000% over the prior 12 months as investors piled into memory chip names on the AI theme. The immediate cause of the drop is not stated in the available reporting, and the timing is described only as the period since June.
Why it matters
SK Hynix shares fell sharply from a June peak, wiping out more than $660 billion in market capitalization, according to the summary. The move follows a 1,000% rise over the prior 12 months tied to the AI-driven memory chip trade. The report does not state any company announcement, earnings change, or specific catalyst for the decline, so the reason for the selloff remains unclear.