SK Hynix Achieves Record Profit Driven by AI Growth
Record Profit Amid Rising AI Demand
SEOUL (Reuters) - South Korea's SK Hynix reported its highest quarterly profit in six years, attributed to the ongoing demand for AI chips. The latest growth is driven by the need for high bandwidth memory (HBM), crucial for generative AI applications.
Positive Outlook for HBM Shipments
According to Kim Kyu Hyun, the Head of DRAM Marketing, the company anticipates that next year's HBM shipments will more than double this year's performance.
Market Reaction
- Despite strong profits, SK Hynix shares fell by 8.4% during morning trading.
- This decline mirrored the broader market trends, with Nvidia and other tech companies experiencing poor earnings.
In conclusion, while SK Hynix is poised for significant growth in the AI chip sector, external market pressures have impacted its stock performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.