U.S. Stocks on the Move | Some memory chip concept stocks rebound after overselling; SK Hynix (SKHY.US) rises nearly 4%

Zhitong Finance APP has learned that on Friday, some memory chip concept stocks rebounded after overselling, with SK Hynix (SKHY.US) up nearly 4%, Micron Technology (MU.US) up more than 3%, and SanDisk (SNDK.US) up 2%. On the news front, on October 23, SK Hynix announced its decision to suspend the IPO plan for its U.S. memory subsidiary Solidigm and to pause advancing its pre-listing investment and initial public offering in the United States; the company said Solidigm had considered expanding production capacity and enhancing competitiveness through various financing options, but suspended the relevant plans after comprehensively considering factors such as changes in the capital market environment.