SK Hynix's stock price has declined nearly 40% from its all-time high recorded last month, closing at 1,842,000 Korean won on the 16th after an 11.53% plunge. SK Group Chairman Chey Tae-won acknowledged that AI-related themes had caused the stock to run ahead of reality, but advocated for long-term holding due to sustained memory demand.
SK Hynix's stock correction suggests AI-driven valuations are facing reality checks, but long-term memory demand remains a core thesis.