🔴 SK Hynix is trading 4.3% down today on fears of increased supply after China's CXMT IPO

SK Hynix is trading 4.3% down at €932.00 as memory chip stocks face heavy pressure following the blockbuster IPO of China’s CXMT.

• The CXMT listing has raised concerns regarding increased DRAM and NAND supply, which could lead to significant pricing pressure across the industry.
• This move follows a strong rally driven by late-July NVIDIA AI partnership news, suggesting the current decline is driven by broader sector sentiment rather than company-specific fundamentals.