SK hynix Inc.
(NASDAQ:SKHY) stock fell more than 3% in Tuesday's premarket session, extending Monday's 7.47% decline as investors continued to exit artificial intelligence-linked semiconductor stocks ahead of the company's quarterly earnings.
The world's second-largest memory chipmaker is scheduled to report second-quarter 2026 results on Wednesday, July 29.
The stock has shifted from one of the hottest AI memory trades to a major test of investor confidence as concerns over crowded positioning, China competition, and hyperscaler spending weigh on the sector.
The weakness came amid another risk-off session for technology shares.
