SK Hynix Slumps, TSMC Up, MiniMax Plunges
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…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.