It's not just these three — this was a broad storage and chip-related selloff. SK Hynix fell 13.48%, Seagate dropped 10%, and Western Digital fell 9.22%, with optical names like Corning (-9%+) and Lumentum (-6.1%) also caught up in it.
SK Hynix Turns Kioxia Gains Into Cash — Windfall or Better Capital Returns?
SK Hynix rose 4.09% Monday on reports it may pay a roughly $12B special dividend using proceeds from a Kioxia-related stake sale. Bulls see asset monetization alongside strong HBM demand; bears warn a one-time payout does not prove DRAM, NAND, or HBM cash flows are sustainable. Would the dividend make the stock attractive if operating cash flow stops improving?
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