SKHY & KLAC Slide on Strong Earnings, STX Rallies

SK Hynix (SKHY) shares slid to the downside even after the South Korean AI memory giant posted strong earnings. The selling action was even steeper in KLA Corp. (KLAC) even though that company showed similar results. Jenny Horne explains how supply constraints are hitting both firms and talks more about the high bar heading into both earnings. One firm that's muscling gains on its report: Seagate (STX).

Morning Movers

29 Jul 2026

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