SK hynix Inc.
(NASDAQ:SKHY) stock slid by about 3% during Thursday's premarket session as traders fade risk in some chip-linked names even with a firmer overnight tape.
Nasdaq futures are up 0.57% while S&P 500 futures have gained 0.36%.
SK Hynix remains central to the memory trade as analysts weigh tight chip supply and AI demand against pricing risks, China competition and the recent semiconductor selloff.
Supply Limits Support Memory Stocks Wolfe Research senior analyst Chris Caso told CNBC on Wednesday the semiconductor pullback reflects a reset in expectations after a sharp rally.
