Why SK Hynix (SKHX) fell 3.72%
SK Hynix (SKHX) fell 3.72% on November 12, 2026 — Korea tech selloff drags SK Hynix lower.
What happened
SK Hynix fell 3.7% as Korea Tech names sold off with US AI stocks, after Nasdaq futures dropped on Nvidia turmoil and reported preparations for a Jensen Huang ouster.
Why it moved
SK Hynix is a core HBM supplier tied to Nvidia's AI accelerator demand, so reports of instability at Nvidia pulled the memory group lower with it.
Why it matters
SK Hynix anchors the Korea Tech theme, whose rerating rests on HBM and memory-cycle earnings; that thesis now depends on AI demand holding up through leadership uncertainty at its main customer.
What would break the thesis
If Nvidia's situation settles and HBM orders and pricing hold, the selloff should prove a sentiment dip. Evidence of weaker AI accelerator demand or a memory-price downturn would invalidate the rerating.
Sources
- Nasdaq futures fall as Nvidia turmoil rattles AI stocks — Investing.com