SK Hynix shares fell 20.2% in October, even though the company posted strong results at month-end. The drop came amid a broad AI and chip sell-off early in the month, triggered by a leaked $16 billion-plus Anthropic revenue figure, midterm election uncertainty and rumors of renewed U.S. military action in Iran. In the third quarter, revenue rose 328% to 104.6 trillion Korean won, EPS rose 205% to 54,454 won, and operating profit grew 632% with an 80% operating margin. The stock trades at 3.5 times its 2027 earnings estimate, and a 20,000 won per-share dividend implies a 1.5% yield. Investors are questioning how long these earnings can last, given AI financing, U.S. anti-data-center sentiment and doubts about AI lab revenue.
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/03/2026 | 206.57 |
| Change that session | +2.23% |
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