SK Hynix's Korean-listed shares experienced their worst day on record, falling 15.4% following its Nasdaq debut, primarily due to profit-taking, additional share supply, and repricing between Korean shares and U.S. ADRs. Analysts believe the pullback is temporary, as structural AI memory demand continues to outpace supply, with broader trends of rising memory prices and tight supply remaining intact.
SK Hynix's share decline is a technical rebalancing event, not a signal of weakening AI memory demand, which remains strong and outpaces supply.