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SK hynix Inc. (NASDAQ: SKHY ) earned more in three months than it did in all of 2025. Its shares are on track for their worst month since 2002. Both statements describe the same company in the aftermath of the second-quarter 2026 earnings report. The Icheon-based memory maker reported quarterly revenue of 79.32 trillio
The AI memory trade has flipped from Wall Street’s hottest bet to one of its biggest wealth destroyers. Since peaking in late June, the world’s largest memory and storage companies have erased more than $2 trillion in combined market capitalization Samsung Electronics Co. Ltd. (OTC: SSNLF ) has lost about $546 billion