SK Hynix's stock fell 6% following a Bloomberg report that its U.S. storage unit, Solidigm, may pursue a $100 billion IPO next year. This news caused a selloff in memory stocks, including Micron and Western Digital, which both dropped around 4%. The potential IPO raises concerns about added ownership complexity and whether it will unlock or destroy value for SK Hynix shareholders. Investors are awaiting official statements from SK Hynix and upcoming earnings from Micron to gauge the impact on the memory sector amid broader market pressures.
As of Sep 28, 2026 22:21 WIB, SK Hynix shares are trading at USD 180.54, down 5.68% on Pluang, closely matching the reported 6% drop. Micron and Western Digital also show declines of 3.74% and 4.12% respectively, with Micron priced at USD 1,041.83 and Western Digital at USD 437.99. SK Hynix's market cap stands at $966.89 billion, highlighting its significant scale amid the sector's volatility.
