Despite analysts’ positive outlook following Micron Technology’s strong earnings, wealthy South Korean investors and foreign funds have been selling SK Hynix shares. [4]
Wealthy South Korean investors reportedly sold approximately $516 million worth of SK Hynix stock in the third quarter. [4] They took profits amid concerns that the stock may have peaked and worries about a potential AI bubble.
The selling by large domestic investors coincides with a broader foreign-investor sell-off in South Korea, which has also affected SK Hynix. [3] Optimistic analyst forecasts, supported by strong AI-related demand for memory, contrast with major investors’ selling and leave the stock’s near-term outlook uncertain. [1, 4]