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via finance.yahoo.comTech & AI

SK Hynix profit jumps 632%, memory chipmaker sees shortage lasting to 2030

FROM THE WIRE · FINANCE.YAHOO.COM

US-listed shares of SK Hynix (SKHY) rose 8% in premarket trading on Wednesday, after the memory maker's record profit and revenue quelled recent investor worries over the AI trade. South Korean SK Hynix shares (000660.KS) jumped 10% while peer Samsung Electronics (005930.KS)…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishRecord results from a major memory maker tied to AI demand could move the semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Quarterly revenue rose 328% to roughly $78.7 billion.
  2. 02Operating profit surged 632% to about $62.7 billion.
  3. 03SK Hynix shares jumped 10% in Korea, while Samsung gained 5%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
SK hynix Inc.000660.KOStock1,487,000.00 KRWMarket closedtoday +10.89%Positive Samsung Electronics Co., Ltd.005930.KOStock242,000.00 KRWMarket closedtoday +9.01%Positive Micron Technology, Inc.MUStock928.76 USDMarket closedtoday +2.77%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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