TechBloomberg Tech2h ago
SK Hynix Shares Defy AI Selloff With Support From Kioxia Gains
TL;DRSK Hynix stock rises on expected dividend from its Kioxia stake amid broader AI selloff.
Why it matters: Shows memory chip makers have multiple revenue streams beyond AI hype, affecting investor sentiment.
SK Hynix Inc.’s shares bucked a broad selloff in AI-related stocks thanks to the prospect of a large dividend payout related to the South Korean memory maker’s stake in Japan’s Kioxia Holdings Corp.
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