$HXSCL

SK hynix shares fell 10.44% to 1.132 million won on November 6, leading a selloff in Korean chip stocks. The decline was attributed to foreign investor sales and concerns about U.S. AI regulations and AI-driven growth. SK hynix's high-bandwidth memory is central to AI accelerators, making it vulnerable to shifts in AI spending.

Sandisk (SNDK) shares fell 22.26% to $806.43, the worst single-day decline since its 2025 relisting, following U.S. midterm elections. Other storage sector stocks like Micron (MU), Western Digital (WDC), Seagate (STX), and SK Hynix (SKHY) also dropped significantly due to concerns over AI data center expansion. Analysts have mixed views on the outlook for these stocks.

SK Hynix (SKHY) is experiencing delays in obtaining U.S. licenses for its $45 billion semiconductor plants in New York, according to Simply Wall St. The company is seeking approvals for the facilities, which are part of its expansion plans in the U.S. market.

SK Hynix (SKHY) shares fell 9.46% to 1,264,000 won on November 5. The company reported Q3 revenue of 104.6155 trillion won and operating profit of 83.3338 trillion won, with long-term agreements covering over half of 2027-2028 production capacity. Management expects HBM4 to surpass HBM3E in Q4 shipments and revenue.

Wedbush Securities notes SK Hynix's (SKHY) U.S. investment plans may hinge on Washington's stance on its China operations. The company awaits U.S. approval for semiconductor equipment to boost NAND production. Approval could enhance output, while denial may benefit rivals. Subsidiary Solidigm's $45B U.S. plant plans are also affected.

SK hynix shares dropped 9% after Qualcomm reported a 26% decline in handset chip sales, impacting memory chip demand. SK hynix's revenue is tied to phone and PC DRAM prices, which have risen. Apple's iPhone sales increased 17%, showing resilience in the high-end market. Analysts expect SK hynix's earnings to double by 2028, despite potential risks from softer phone demand.

SK Hynix faces U.S. Commerce Dept. issues regarding a China plant, which Wedbush Securities says could impact its pending U.S. plant. The department has reportedly delayed approval for the China plant.

Micron (MU), Sandisk (SNDK), and SK hynix (SKHY) extended losses in overnight trading, each falling around 2.5%, following a decline on Wednesday. Qualcomm's disappointing smartphone sales figures raised concerns about weakening consumer electronics demand, affecting memory chip stocks. Micron reported record earnings but faces uncertainty due to potential slower consumer electronics purchases. Sandisk and SK hynix also reported strong results but face NAND pricing and demand concerns.

SK Hynix (SKHY) shares fell 20.2% in October, despite strong Q3 results, due to a broad sell-off in AI-related stocks. Revenue surged 328% to 104.6 trillion KRW, EPS rose 205% to 54,454 KRW, and operating profit increased 632% with an 80% margin. The decline was attributed to factors like leaked revenue numbers from AI lab Anthropic, election uncertainty, and geopolitical tensions. The company's future earnings and dividend yield are under scrutiny.

SK Hynix's plans to expand production in China are delayed as the U.S. Commerce Dept. holds up semiconductor equipment shipments, according to Reuters.