SK Hynix

SK Hynix rallied in today's regular session, climbing ~5.0% to $174.66 as of 10:37 ET, driven by optimistic AI memory demand outlook. The stock opened pre-market up 4.27% at $172.58, then experienced a dip-buying pattern within regular hours, with an intraday low of $171.80 and high of $174.66, forming a steady upward trend. The company's Q2 earnings showed revenue surged 216.1% YoY to $51.52B, and net profit soared 1,089.25% YoY, reflecting strong fundamentals. The current price is 10.35% below its 52-week high of $194.80, but has reclaimed the 20-day MA ($151.08) and 60-day MA ($154.44), with a YTD gain of 3.95%. However, total daily volume of ~8.34M shares is slightly below recent peaks.

SK Hynix staged a strong intraday rally, rising approximately 5.3% to $162.10 by 11:00 ET, driven by Temasek's first-ever direct investment in a South Korean chipmaker, a rebound in AI chip demand, and cooling CPI data that lifted the broader market. Q2 revenue surged 216.1% YoY to $51.5 billion, net profit soared 1089.3% YoY, and EPS reached $8.54, underscoring robust fundamentals. The stock remains 16.8% below its 52-week high of $194.8 but has reclaimed both the 20-day MA ($149.1) and 60-day MA ($153.0); YTD it is still down 3.5%. However, the session saw wide volatility, with the intraday low of $154.5 and high of $164.1 reflecting lingering uncertainty.

SK Hynix (SKHY.US) opened higher and rallied during regular trading, rising 8.18% to $153.24 as of ET 10:02, driven by a softer US CPI print that bolstered rate-cut expectations and AI-fueled demand lifting memory chip stocks. It gained 3.63% in pre-market to $150.77, then extended gains to an intraday high of $153.54, rebounding 22.86% from its 52-week low of $124.80 but still 21.29% below the 52-week high of $194.80. On the earnings front, Q2 revenue surged 216.1% YoY to $51.5 billion, net profit soared 1089.25% YoY, and EPS of $8.5393 skyrocketed 1116.8% YoY. However, the stock remains below its MA60 ($152.586) and MA20 ($148.566), while its PE of 22.37x and PB above 10x suggest elevated valuation risks.

SK Hynix plunged in regular trading on ET 09:57, last at $136.40, down approximately 4.97% from the prior close of $143.53, primarily due to the board's approval of 54 trillion won ($38.4 billion) investments in Yongin Y2 and Cheongju M17 fabs, sparking concerns over short-term dilution from massive capex. The stock sustained a one-sided decline from the open of $141.69 to a session low of $136.40, with the open price also marking the day's high, indicating persistent selling pressure. Financially, Q2 revenue surged 216.1% YoY to $51.52B, net profit soared 1,089.3% YoY to $61.00B, and EPS of $8.5393 was up 1,116.8% YoY, creating a stark contrast with the price action. The stock is now 29.98% below its 52-week high of $194.80, trading below both the MA20 ($153.11) and MA60 ($153.82), with a YTD decline of 18.81%. However, post-market trading showed a partial recovery to $144.00, up 5.57%.

SK Hynix opened sharply lower and fell over 6% in early trading, driven by post-market news that its subsidiary Solidigm is reviewing measures to strengthen competitiveness, escalating financial concerns, alongside a broad tech selloff in Asian pre-market. Despite strong Q2 results with revenue of $51.5B (up 216% YoY) and net profit of $61.0B (up 1,089% YoY), the stock is trading 28.5% below its 52-week high of $194.8 and below its 20-day MA of $154.5; however, it rebounded to $147.8 in after-hours trading, up 6% from the intraday low.