SK Hynix Stock Falls Below US IPO Launch Price, Hype Turns Sour (SKHY)
The South Korean semiconductor giant SK Hynix (NASDAQ: SKHY) which made its debut in the US stock market on July 10, 2026, at $149 per share through the American Depositary Receipt (ADR), has fallen below its launch price on Monday’s trading session, going to a day’s low of $139.01. It ended the day’s session slightly higher at $143, which is 4% below its listing price. Even SpaceX stock (NASDAQ: SPCX), which was launched at $150 per share, is trading below its IPO price at $113.
SK Hynix stock had also reached a high of $194 on July 14 and has shed 26% of its value since then. The semiconductor sector has been cyclical, with several giants experiencing a bloodbath over the past week. Stocks such as Micron Technologies (NASDAQ: MU) and SanDisk (NASDAQ: SNDK) have plunged 21% and 37% in a month, respectively. The AI bubble is popping, and those who rode the bull are now being pushed down.
What Next For SK Hynix Stock?
The AI and semiconductor industry are cyclical in nature, facing ups and downs regularly. This has been the trend since the beginning of AI tech, displaying ballooning profits but also experiencing an equal amount of pullback. Institutional funds are quick to pull the plug when it reaches a threshold, leading to a reversal in value. Profit bookings and sell-offs in this sector are high, compared to other industries. This is what’s making SK Hynix stock remain on a slippery slope in the indices this month.
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