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Nvidia Supplier SK Hynix Dips as Goldman Sees Competition Rising
SK Hynix Inc. shares declined Thursday after Goldman Sachs Group Inc. downgraded the Korean chipmaker for the first time in over three years, on expectations it may suffer as competitors make advances.
SK Hynix Inc. shares declined Thursday after Goldman Sachs Group Inc. downgraded the Korean chipmaker for the first time in over three years, on expectations it may suffer as competitors make advances. The stock slid as much as 8.8%, the most since April 7, after analysts led by Giuni Lee lowered their rating to neutral from buy. Meanwhile, shares of larger rival Samsung Electronics Co. rose 2.3%.
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