Business · 1h ago
SK hynix Profit Surges 557% on AI Chip Demand, But Shares Fall
SK hynix reported Q2 operating profit of 60.54 trillion won, up 557% year-over-year, driven by AI memory demand. Revenue reached 79.32 trillion won. Despite record earnings, shares slid as expectations outpaced reality amid a global AI selloff.
Meridian48 take
The profit explosion underscores AI's insatiable appetite for memory chips, but the stock drop hints that even stellar numbers can't satisfy inflated market expectations.
Read the full reporting
Memory maker SK hynix's profit rises 557% amid global shortage, expansion costs climb to $27 billion — shares slide despite mammoth earnings as expectations outpace reality and global AI selloffs continue →
Tom's Hardware
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