SK Hynix Tumbles Over 20% in Two Days as AI Hardware Rally Reverses

South Korean memory chipmaker SK Hynix plunged more than 20% over two trading sessions in Seoul as a global selloff in AI hardware stocks gathered pace. The rout reflects growing investor concerns that this year's blockbuster rally in chipmakers had run too far, too fast. SK Hynix is among the biggest casualties as the AI trade unravels across global markets.