CNBC host Jim Cramer has sounded the alarm on SK Hynix Inc.

(NASDAQ:SKHY), labeling the South Korean memory giant a "Monster" that is destabilizing global markets as retail margin calls and leveraged gambling overshadow strong chip fundamentals during July’s severe semiconductor rout. ‘Monster’ Volatility and Margin Call Panic Reacting to the chaotic market action following SK Hynix's earnings call, Cramer delivered a scathing critique of the semiconductor stock’s mounting influence on Wall Street.

"We will rue the day we let this Monster into our markets," Cramer posted on X.

"SK is more about margin calls and gambling than it is about DRAM pricing and capacity additions." We will rue the day we let this Monster into our markets.

SK is more about margin calls and gambling than it is about DRAM pricing and capacity additions— Jim Cramer (@jimcramer) July 29, 2026 Cramer’s warning aligns with concerns from South Korean financial regulators, who are considering capping single-stock leveraged ETF investments for retail investors.