SK hynix shares slump more than 15% as concerns mount around massive AI investments

Seoul [Korea], July 13, (ANI): Shares of Korean memory-chip maker SK Hynix slumped more than 15 per cent on Monday after the company’s American Depository Receipts (ADR) made a blockbuster debut on Nasdaq last week on Friday.

The steep fall in the share price of the chip giant comes at a time of increased volatility in AI-related shares, with investors trying to gauge the sustainability of the huge AI investments and their ability to generate profits.