[SK Hynix Market Value Plunges by $470 Billion as Memory Chip Boom Shows Cracks] According to a report by Jinse Finance, as of July 28, SK Hynix's market value has plummeted by $470 billion in just over a month, transforming it from one of the hottest global artificial intelligence (AI) thematic trades into a problematic holding in investment portfolios. Investors are concerned about overcrowding in AI-themed trades and the sharp increase in volatility caused by leveraged trading. The stock price of this South Korean memory chip giant has plunged approximately 38% from its record high set in June. During this period, the scale of SK Hynix's market value decline is second only to SpaceX globally. As the AI boom drives up chip prices, SK Hynix is expected to announce record-breaking quarterly earnings again on Wednesday. However, investors are becoming increasingly cautious, worried that the rising costs of memory chips may force users to reduce consumption and turn to lower-priced alternatives.