SK Hynix is trading at $126.33 (-12.28%) as semiconductor shares fall after an overnight decline in U.S. chip stocks.
- Reports link the sector selloff to concerns that a Democratic sweep in the U.S. midterm elections could bring tighter oversight of AI data centers and slow infrastructure investment, weighing on future memory-chip demand.
- Qualcomm’s weak smartphone-chip outlook added pressure to the broader chip sector; available reports identify no separate SK Hynix-specific announcement explaining the move.