Movement Alert|SK hynix Falls 6.22% in Pre-Market Trading, Three Major AI Giants Call for Slowing Model Development Triggering Broad Chip Selloff

Market Focus
Sep 14

On September 14, SK hynix fell 6.22% in pre-market trading, trading at 178.25 USD/share, with turnover of approximately 16.31 million USD. The decline was triggered by a joint call from Anthropic, OpenAI, and xAI urging the industry to slow advanced AI model development over safety concerns, sparking a broad rout across semiconductor and AI-related stocks globally.

The selloff rippled across multiple markets. In Korean trading, SK hynix fell over 6% while Samsung Electronics dropped nearly 4%. SoftBank Group plunged over 12% in Japan. In the U.S., leveraged ETFs tracking SK hynix tumbled over 13%, while Micron, SanDisk, and Corning each fell more than 4%. The Philadelphia Semiconductor Index came under significant pressure, with Intel down 5.27%, AMD down 4.74%, and Micron down 4.64%.

Adding to the headwinds, SK hynix options markets have seen consecutive large-scale bearish block trades in recent sessions, with institutions deploying bear call spreads to bet on limited upside. The company also faces near-term uncertainty as its labor union votes on a wage agreement on September 15-16. Competitive pressure is mounting as well, with CXMT reporting Q2 profit margins surpassing SK hynix and pursuing aggressive capacity expansion plans.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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