TradingKey – On Friday, SK Hynix (NASDAQ: SKHY) shares trading closed at around $143.73. The previous day’s share price had a daily trading range of $143.51 – $162.65. Last week was an example of the chaotic 2026 AI memory trading. Record Q2 results with a historic 76% operating margin led to a sell off of 9% due to concerns over the sustainability of the price. This was followed with a 30% increase on Friday as KOSPI was up 17.91% and Amazon’s AI business projection extended to 2028. 

SKHY was 35% down in July from the peak with a current 52-week trading range of $124.80 – $194.80, an average price target of $245.46. The 61.8% Fibonacci level of $155.19 will be a significant resistance level for Monday.