AI Memory Stocks on Rocky Ground: 3 Reasons SK Hynix Fell 13%

SK Hynix fell near 13% on Tuesday, July 28, in early trading. Samsung Electronics also dropped over 12% as the sell-off swept across Asian markets.

The sell-off erased billions in market value across Korea, Japan, and Taiwan in a single session. It extended a broader pullback in AI-linked chipmakers that began after Wall Street's own chip stocks weakened.

Wall Street Contagion and Nvidia's OpenAI Bet Spook Investors

U.S. chip stocks weakened again overnight, adding losses at AMD, Teradyne, and Micron. That weakness followed a a Wall Street Journal story on Nvidia's financing plans.

Nvidia is reportedly negotiating a $250 billion guarantee to help OpenAI lease a 10-gigawatt data center campus in Ohio. OpenAI lacks an investment-grade credit rating. The project could cost more than $500 billion in total.

Nvidia is also discussing financing for OpenAI's chip purchases, worth up to $350 billion more. Meanwhile, investors have questioned whether Nvidia's financial backstop role signals fragility in AI-linked demand, not strength.

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