Seoul, July 13 -- Shares of Korean memory-chip maker SK Hynix slumped more than 15 per cent on Monday after the company's American Depository Receipts (ADR) made a blockbuster debut on Nasdaq last week on Friday.

The steep fall in the share price of the chip giant comes at a time of increased volatility in AI-related shares, with investors trying to gauge the sustainability of the huge AI investments and their ability to generate profits.

SK Hynix raised more than USD 26 billion by issuing ADRs to widen the investor pool for the company and issuing fresh shares. The ADRs were priced at USD 149 and opened with a 14 per cent gain at USD 170. The ADRs closed at USD 168 apiece, up nearly 13 per cent from the offer price.

The slide in the s...