Nividia Supplier SK Hynix Shares Drop To Lowest Level Since February In Seoul After Morgan Stanley Downgrade: 'Memory Conditions Are Beginning To Deteriorate'
Portfolio Pulse from Kaustubh Bagalkote
Morgan Stanley downgraded SK Hynix, a key supplier for NVIDIA, due to deteriorating memory conditions, causing a significant drop in SK Hynix's stock. This impacts NVIDIA as SK Hynix is a major supplier for its high-bandwidth memory chips.
September 19, 2024 | 6:28 am
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NVIDIA's key supplier, SK Hynix, was downgraded by Morgan Stanley, leading to a significant drop in SK Hynix's stock. This could impact NVIDIA's supply chain for high-bandwidth memory chips.
SK Hynix is a major supplier for NVIDIA's high-bandwidth memory chips. The downgrade and stock drop indicate potential supply chain issues, which could affect NVIDIA's production and costs.
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