Huge SK Hynix sell-off. Has the AI bubble just burst? A bargain or a return to reality? - XTB.com

Recent sharp declines in SK Hynix's stock price have sparked widespread speculation about whether the AI bubble has burst. As a leading global manufacturer of memory chips, SK Hynix plays a crucial ro... Read original →

SK Hynix’s sharp selloff signals not an AI bubble burst but a market correction against memory sector overheating. Technically, a near-term HBM demand plateau will slow advanced packaging and CoWoS capacity ramp, denting order visibility for TSMC and equipment vendors. Tightening U.S.-Korea export controls and constrained mature-node expansions in Taiwan, China, are inflating global supply chain redundancy costs. Samsung may seize the moment to gain data center DRAM share, while Micron accelerates CXL-based memory ecosystems for differentiation. Over the next 12–24 months, inventory digestion and recalibrated CAPEX will dominate, yet AI clusters’ structural need for high-bandwidth memory persists—shifting from stockpiling to just-in-time procurement. The real danger emerges if global data center spending declines for two consecutive quarters, triggering a memory price war that drags down the broader semiconductor equipment investment cycle.