SK Hynix Nasdaq debut and SpaceX tumble: A volatile day for tech stocks

South Korean chip giant SK Hynix opened its Nasdaq debut while SpaceX shares slipped below the IPO price.

SK Hynix’s Entrance onto the Nasdaq

When SK Hynix (000660.KS) began trading in the United States, investors in the semiconductor sector set high expectations. The stock fell 0.27% in the opening minutes but later showed a modest recovery, lifting the broader chip indexes.

Meta’s Excess Compute Sale Sparks a Surge

Meta (META) jumped 5.55% after CEO Mark Zuckerberg told Bloomberg that the company plans to sell its surplus computing capacity. The move is seen as a cost‑cutting measure aimed at improving cloud margins and boosting profit outlook.

AI‑Driven Memory Crunch Hits the PC Market

■PC shipments dropped 4.9% in Q2, marking the first decline in two years.

■IDC analysts warn that while price hikes currently sustain revenue, consumer sensitivity to higher prices will intensify later in the year.

■Laptop makers HP (HPQ), Dell (DELL) and Microsoft (MSFT) have raised prices on their Windows devices.

■Apple (AAPL) increased the cost of its MacBook line‑up (Neo, Air, Pro).

SpaceX’s Turbulence After Nasdaq‑100 Inclusion

SpaceX (SPCX) was fast‑tracked into the Nasdaq‑100 index, prompting mandatory purchases by index‑tracking funds such as QQQ. Nevertheless, the stock fell below its IPO price, recording a 2.82% decline—highlighting the tension between new investor demand and short‑term market volatility.

Ege Kaan – Wall Street and U.S. Macro Strategy Lead: The simultaneous debut of a new chip heavyweight and a high‑growth space firm on the Nasdaq tests market liquidity, while the AI‑driven memory squeeze and rising PC prices amplify tech‑stock volatility. Investors should consider long‑term positions in fundamentally strong players like SK Hynix, while exercising caution with high‑growth, short‑term‑risk assets such as SpaceX.