SK Hynix (SKHY) Stock Falls 3% After Brutal Week, but Goldman Isn’t Backing Down

TLDR SK Hynix fell 3% to 1,231,000 won in early Seoul trading Monday, extending its worst weekly drop since 2008. Foreign investors sold a net 5.36 trillion won of the stock last week, cutting foreign ownership to 48.85%. Worries about AI data center funding, and CoreWeave’s credit stress, are driving the selling. Goldman Sachs raised its price target to 3.5 million won, citing tight supply through 2028. Third quarter earnings are due October 28, with a call at 9 AM Seoul time. SK Hynix (SKHY) stock extended its slide on Monday. In Seoul, it fell 3% to 1,231,000 won in early trading. SK hynix Inc., SKHY The U.S.-listed SKHY line was down about 7% in the latest quote. Its TipRanks average price target of $254.70 implies roughly 77% upside.

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