A look at the day ahead in European and global markets from Ankur Banerjee Blockbuster earnings from chipmaker SK Hynix did little to quell investor fear about AI risk as a rout in chip stocks deepened, setting the stage for results from Big Tech firms this week. SK Hynix's April-June operating profit soared more than sixfold (that's 557% if you prefer percentages) yet still managed to miss analysts' lofty estimates – a miss that coincided with investors fretting about the sustainability of AI spending and long-term returns from booming in chip demand.