🔴 SK Hynix is trading 3.38% down today as Kioxia flags risks to AI demand

SK Hynix is trading 3.38% down now at €1,145 after a broader memory-chip selloff.

• Kioxia’s CEO said memory prices had risen sufficiently and further increases could hurt AI demand.
• Memory stocks declined broadly, pressuring SK Hynix, Micron, and Western Digital.
• The move follows a sharp recent rally, prompting profit-taking amid pricing concerns. Confidence is medium.