SK Hynix Record Profit Misses AI Expectations, Shares Fall 10%
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- SK Hynix reported record profit yet missed forecasts as investors expected even stronger AI-driven results, with shares slumping 10% on the reaction (Bloomberg).
- Micron stock rose after SK Hynix's earnings miss — per Barron's framing, the selloff was read as specific to SK Hynix's quarter rather than the broader memory-chip rally.
Why it matters: A 10% slide on record earnings shows how high the bar has become for AI memory plays: matching expectations is no longer enough, only beating them. Micron's simultaneous rise confirms the sector thesis isn't broken — SK Hynix just tripped over its own hype.
