SKHY·SK hynix Inc.

SK Hynix’s shares fell 7.6 % today after the CEO of Anthropic warned that AI development would slow, a comment that triggered a broader sell‑off in the AI‑memory sector. The move is largely a market‑wide reaction; analysts note the company’s valuation remains near 19× forward earnings and that AI capital expenditures could still rise sharply, so the dip is viewed as temporary noise. The same day, Western Digital’s redemption of convertible notes added to the sector’s uncertainty, prompting a 4.2 % decline in SK Hynix and a reassessment of AI‑driven storage demand across the industry. Earlier this week, SK Hynix rejected a 25 trillion‑won advance payment from Korea Electric Power that was meant to fund power supplies for planned semiconductor mega‑clusters, a decision that may delay the company’s expansion plans and create short‑term cash‑flow constraints. The rejection also coincided with a broader tech sell‑off, with the XLK and SOXX ETFs falling 2.5 % and 5.6 % respectively, underscoring the sector’s sensitivity to macro‑financial sentiment. The combination of AI slowdown rhetoric, storage‑sector reassessment, and a funding setback suggests that SK Hynix’s near‑term outlook hinges on the pace of hyperscaler spending and the resolution of its power‑infrastructure delays. Watch for the company’s upcoming earnings release for any updates on AI demand forecasts and the status of its cluster expansion, as these will clarify whether the current sell‑off reflects a temporary shock or a shift in the AI‑chip cycle.