Shares fall after quarterly profit misses forecasts
U.S.-listed shares of SK Hynix Inc 000660.KS, SKHY.N fell 1.7%.
The company on Wednesday reported record quarterly operating profit, but it missed analyst forecasts, raising concerns about AI spending.
The company said delays in shipments of some advanced products limited DRAM price gains, while results fueled investor jitters about the sustainability of AI spending by big tech firms.
Memory chipmaker Micron Tech MU.O was also down 1%.
Most analysts remain bullish on SKHY, with 41 of 42 rating the stock a "buy" or "strong buy" and a median price target implying about 150% upside from its last close.
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