SK Hynix Lower; TSMC Jumps; Conmed Deal

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SK Hynix (SKHY) shares are lower and other memory stocks are also falling. It is lower over concerns with the sustainability of artificial-intelligence spending. The drop in South Korean trading is likely to cause a hit to the American depositary receipts as well. The debate between the optimists and pessimists will continue, which should create volatility, according to Hendi Susanto, portfolio manager at Gabelli Funds.
- Taiwan Semiconductor (TSM) shares are soaring after it reported a 36% jump in quarterly sales, meeting elevated expectations while signaling global demand for AI computing remains intact.
- Conmed (CNMD) shares are moving on news it is exploring options including a potential sale amid takeover interest from private equity firms, according to people familiar with the matter. The US-based medical technology company is working with advisers as it weighs its options, the people said, asking not to be identified discussing confidential information.

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