[Featured Stock] SK Hynix Falls 6.30% Amid Nvidia's Sharp Decline

As the 'leader in artificial intelligence (AI) semiconductors' Nvidia saw its stock price plunge following its earnings announcement, the stock price of SK Hynix, a supplier of high-bandwidth memory (HBM), also showed weakness on the morning of the 29th.

As of 9:06 a.m. that day, SK Hynix was trading at 168,000 won, down 11,300 won (6.30%) from the previous trading day.

Earlier, Nvidia's stock fell 2.1% during regular trading on the 28th (local time), followed by an additional drop of about 7% in after-hours trading. Nvidia posted better-than-expected results for the second quarter of this year, with revenue of $30.04 billion (40.1785 trillion won) and earnings per share of $0.68 (909 won), but disappointment selling is believed to have poured in because some market participants had even higher expectations.

Go Young-min, a researcher at Daol Investment & Securities, said, "Contrary to concerns, Nvidia confirmed a solid direction," adding, "The key variables likely to determine the industry's sentiment in the second half are macroeconomic indicators and events."

He also analyzed, "In this earnings announcement, Nvidia mentioned that there is no change in the launch and shipment timing of next-generation products," and "Even if there is a change, considering the tight supply situation of HBM, shipment fluctuations will be limited."

Researcher Go added, "The expansion of shipments by domestic companies will proceed as planned," and "Based on AI demand, it is effective to increase weights centered on stocks with solid earnings direction in the third quarter of this year and next year. We maintain our top pick opinion on SK Hynix."

SK Hynix Headquarters, Icheon-si, Gyeonggi-do
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