[Featured Stock] SK Hynix Down 3% Due to Nvidia Weakness...
SK Hynix is falling more than 3% in early trading due to the weak performance of Nvidia.
As of 9:57 a.m. on the 24th, SK Hynix is trading at 226,000 won, down 3.21% (7,500 won) from the previous trading day.
This is attributed to Nvidia's stock price showing a weak trend with a decline of over 3% for two consecutive days in the U.S. stock market. Micron, another semiconductor stock, also fell alongside Nvidia. SK Hynix supplies Nvidia with the 8-stack version of the 5th generation High Bandwidth Memory (HBM), HBM3E.
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Meanwhile, on the same day, DS Investment & Securities raised its operating profit estimate for SK Hynix next year to 32 trillion won and increased the target stock price from 230,000 won to 290,000 won.
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