US Stocks Move | SK Hynix Hits New All-Time Low Since IPO

Glonghui, July 27 — U.S. storage chip stocks slumped, with SK hynix’s U.S. stock price falling over 7% to $142.8 per share, giving it a total market value of $1.04 trillion, marking a new all-time low since its listing. On the 25th, South Korea’s presidential office, the Blue House, stated that, using the San Francisco Artificial Intelligence Summit as an opportunity, Korean companies have reached semiconductor cooperation deals totaling $950 billion with global tech giants. Analysts point out that frequent “buy the rumor, sell the news” scenarios demonstrate that the global market currently gives no positive feedback to AI-related good news.