SK Hynix's weak guidance leads to stock drop, impacting U.S.-listed semiconductor stocks

From Barron’s: 2025-01-23 07:53:18

SK Hynix’s weak guidance caused a 2.7% drop in its shares despite posting record profits. The company warned of weaker demand this year. U.S.-listed semiconductor stocks were also affected, with Nvidia falling 1.8%, Advanced Micro Devices sliding 1.2%, and Broadcom down 1.1% in premarket trading. Tech investors were in a bad mood on Thursday.



Read more at Barron’s: Tech Rally Stalls After SK Hynix Stock Falls