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SK Hynix Slumps, TSMC Up, MiniMax Plunges
Published 3 months, 1 week ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SK Hynix shares dropped as much as 14% after the memory chipmaker’s highly anticipated US trading debut, with traders citing profit taking and a shift to the American depositary receipts as the main drivers.
- TSMC reported a growth in quarterly sales, meeting high expectations and signaling global demand for AI hardware remains intact.
- MiniMax shares plunged as much as 18%, after JPMorgan slashed the Chinese AI model maker’s price target for the second time in less than a week on value dilution concerns caused by fresh fundraising.
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