[Featured Stock] SK Hynix Plummets 9% Due to DeepSeek Impact

SK Hynix's stock price is plummeting by more than 9% after a delayed reaction to the news of high-performance AI development by Chinese AI startup DeepSeek.

As of 10:33 a.m. on the 31st, SK Hynix shares are trading at 201,000 KRW, down 9.05% from the previous trading day. Early in the session, the price fell to as low as 194,800 KRW, breaking below the 200,000 KRW mark.

On the 27th (local time), DeepSeek announced the development of an open-source AI model called 'DeepSeek-R1.' The development cost was $5.58 million (approximately 7.812 billion KRW), which is only 5.6% of the development cost of OpenAI's flagship model, ChatGPT. As DeepSeek reportedly developed an AI with performance comparable to that of major U.S. tech companies' AI at a low cost, concerns grew that demand for high-performance, high-cost products might not be significant. On the same day, Nvidia's stock price also plunged by as much as 17%.

SK Hynix is a representative stock affected by Nvidia's stock price, as it supplies high-bandwidth memory (HBM) to Nvidia. The decline is interpreted as a reaction immediately after the market reopened following the Lunar New Year holiday.