SK Hynix (NASDAQ: SKHY), the South Korean semiconductor giant that debuted on the US stock market on July 10, 2026, at $149 per share, has fallen below its launch price. The stock hit a day’s low of $139.01 on Monday before closing at $143, a 4% decline from its listing price. SpaceX stock (NASDAQ: SPCX), launched at $150 per share, is also trading lower at $113. SK Hynix had previously reached a high of $194 on July 14 but has since shed 26% of its value. The broader semiconductor sector is experiencing a downturn, with Micron Technologies (NASDAQ: MU) and SanDisk (NASDAQ: SNDK) plunging 21% and 37% in a month, respectively. This decline suggests the AI bubble is deflating, impacting investors who rode the bull market.
SK Hynix (NASDAQ: SKHY) made its debut in the US stock market on July 10, 2026, at $149 per share through the American Depositary Receipt (ADR). The stock has since fallen below its launch price, going to a day’s low of $139.01 on Monday’s trading session before closing slightly higher at $143, which is 4% below its listing price.
SpaceX stock (NASDAQ: SPCX), which was launched at $150 per share, is also trading below its IPO price at $113. SK Hynix stock had reached a high of $194 on July 14 and has shed 26% of its value since then. The semiconductor sector has been cyclical, with several giants experiencing a bloodbath over the past week.
Stocks such as Micron Technologies (NASDAQ: MU) and SanDisk (NASDAQ: SNDK) have plunged 21% and 37% in a month, respectively. The AI bubble is popping, and those who rode the bull are now being pushed down. The AI and semiconductor industry are cyclical in nature, facing ups and downs regularly since the beginning of AI tech.
Institutional funds are quick to pull the plug when it reaches a threshold, leading to a reversal in value. Profit bookings and sell-offs in this sector are high compared to other industries, which is making SK Hynix stock remain on a slippery slope in the indices this month. However, the semiconductor sector plays an important part in building the next-generation technology of AI.
The demand for chips is high and will likely see exploding revenues until 2030. Data centers cannot operate without their support, making SK Hynix stock the center of it all. This ongoing downturn can be seen as a buying opportunity to accumulate SKHY at lower prices, with holding till 2030 or more potentially generating bigger profits for traders.
