SK Hynix's stock price fell on the first day of listing on Nasdaq. Analysts believe that this was due to profit-taking and a decrease in profit expectations.
SK Hynix's stock price fell 8.2% on the South Korean stock exchange. NH Investment & Securities senior analyst Ryu Yong-ho stated that after the company's listing in the United States, investors took profit, and market sentiment was also affected by cautious expectations for SK Hynix's second quarter performance. He pointed out that investors originally expected the shipment volume of SK Hynix's HBM4 chips to increase from the second quarter, but this growth does not seem to have been realized on a large scale. Ryu Yong-ho also stated that investors have lowered profit expectations because SK Hynix's business share in the HBM market is higher than its local competitor Samsung Electronics, making it difficult to obtain the same level of profit from the recent increase in traditional DRAM chip prices.
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