SK Hynix Shares Fall 11.42% in Seoul as Chip Selloff Deepens

SK Hynix Inc. S. inflation, Federal Reserve rate-hike bets and doubts over funding the artificial intelligence buildout. 47).

34. 34%. 94, with technology shares leading the losses. The iShares Semiconductor ETF (NASDAQ: SOXX ), which has gained more than 70% this year, has lost money in each of the past seven sessions.

S. 4% in August, according to the Bureau of Labor Statistics. 75% to 4% on Sept. 16, and one more hike is expected this year.

AI Financing Worries Build Broadcom Inc. (NASDAQ: AVGO ) (NASDAQ: AVGO ) CEO Hock Tan said Monday at a conference in Singapore that access to capital could become a bigger obstacle for AI than chip or power shortages, while Intel Corp. (NASDAQ: INTC ) CEO Lip-Bu Tan flagged rising financing costs and uncertainty over investment returns. Goldman Sachs Group, Inc.

(NYSE: GS ) CEO David Solomon said the 10-year Treasury yield has risen about 75 basis points since early July and warned that not every data center project will win financing on favorable terms. Tech analyst Dan Ives said that the pullback is a buying opportunity and that the AI boom is still in its early stages, according to CNBC. 71 in extended trading. Edge rankings indicate SK Hynix’s ADR has a Momentum score in the 98th percentile and a value score in the 58th percentile.

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