On July 30, SK hynix declined 3.31% overnight, trading at $122.44/share, with turnover of $36.99 million. The stock continued its sell-off following Q2 results that missed market expectations despite record-breaking figures.

On the earnings front, SK hynix reported Q2 operating profit surging 557% year-over-year to 60.5 trillion KRW and revenue rising 257% to 79.3 trillion KRW, both all-time highs. However, operating profit fell short of the consensus estimate of 64 trillion KRW, while revenue missed the expected 84 trillion KRW — marking the company's first miss during the current AI super cycle. During the earnings call, management emphasized that AI investment has not slowed, with major cloud providers still demanding more memory chip supply, and disclosed long-term agreements signed with approximately 10 customers.

The broader semiconductor sector remains under significant pressure, with the Philadelphia Semiconductor Index declining nearly 19% in July, on track for its worst monthly performance since 2008. All index constituents have fallen below their 50-day moving averages for the first time since April of last year, amplifying selling sentiment across the sector.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)