[Market Focus] SK Hynix Falls Over 3% as Nvidia Plunges Amid AI Bubble Concerns
SK Hynix is experiencing a decline of over 3%, influenced by a significant drop in Nvidia shares amid concerns over an artificial intelligence (AI) bubble.
As of 9:37 a.m. on August 20, SK Hynix was trading at 253,500 won on the Korea Exchange, down 9,500 won (3.61%) from the previous day. This marks the fourth consecutive day of decline.
In the previous trading session on the New York Stock Exchange, technology stocks weakened after Sam Altman, CEO of OpenAI, mentioned the possibility of a bubble in AI-related stocks. Nvidia fell by 3.5%.
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On August 18, during a press conference, Sam Altman acknowledged that there might be a bubble in the AI industry. He emphasized, "It is true that investors are overly excited about AI," highlighting the presence of a bubble.
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