SK Hynix posted record Q2 profit with a 557% YoY surge but missed forecasts, sending shares down 10% and triggering $57M in crypto liquidations

SK hynix stock fell over 3% premarket ahead of Q2 earnings amid an AI tech sell-off. See why investors are exiting memory chipmakers.

Perpetual futures on the South Korean chipmaker's American depositary receipts plunged 20% in one minute before quickly rebounding above $1,000.

South Korean chipmaker rides high on AI-fueled semiconductor boom