Tech Rally Stalls After SK Hynix Stock Falls

By / / Finance / 1 minute of reading


South Korean memory-chip maker SK Hynix’s weak guidance appeared to have put tech investors in a bad mood on Thursday.

The company’s Busan-listed shares fell 2.7% after it posted a record profit but warned of weaker demand this year.

U.S.-listed semiconductor stocks were also sliding in premarket trading. Nvidia fell 1.8%, Advanced Micro Devices slid 1.2%, and Broadcom was down 1.1% ahead of the opening bell.



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Patricia Allen is a writer who loves to travel and explore new places. She's also passionate about fashion and style, so she often writes about cars and fashion on her blog. She earned her degree in English Literature from Stanford University, where she studied under some of the most renowned writers of our time. After graduating, she moved to New York City to pursue her career as a writer. She has since written for several publications on topics ranging from arts to automotive news.

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