SK Hynix ADR fell to close to the issue price before the market opened, and its memory chip peers generally fell
SK Hynix ADR fell 9.4% before the market opened. As of 5:34 a.m. New York time, the stock was still about 3% above its offering price of $149 per share. At the same time, Other memory chip peers also generally fell. SK Hynix's South Korean-listed shares fell 15%, indicating that investors are increasingly worried that the rise in technology stocks driven by the artificial intelligence boom has shown signs of overheating. Storage and data storage equipment stocks fell broadly, with The company fell 6.4%, Micron fell 5.1%, and Seagate Technology fell 4.5%. Stocks related to data center construction also became one of the biggest decliners before the market opened on Monday: In the optical communications sector, Lumentum fell 3.4% and Coherent fell 3.6%; The semiconductor equipment sector was generally lower, Teradyne fell 3.4%, and Lam Group fell 3.4%.