SK Hynix shares suffered their most severe single-day drop in the company's history on Thursday, tumbling more than 12% despite the memory chip giant reporting a record revenue figure.
The sharp sell-off underscores a dramatic shift in market sentiment, where fundamental strength is being overshadowed by broader concerns over the sustainability of artificial intelligence hardware spending.
The decline in SK Hynix (000660.KS) led a wider rout across Asian technology stocks as investors aggressively liquidated positions in AI-related equities.
The move represents a stark reversal for the South Korean firm, which had recently celebrated its debut on the Nasdaq.
The disconnect between the company's financial performance and its stock price highlights the volatility currently gripping the semiconductor sector.
Market participants are increasingly wary of the valuation premiums attached to AI infrastructure plays.