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Nvidia supplier SK Hynix posts record quarterly profit
SK Hynix posts record quarterly revenues, says demand for AI memory will carry into 2025
SK Hynix has posted record revenues for Q3 2024, with its operating profit jumping 28.6 percent from the previous to hit $5.1 billion. It is the highest quarterly operating profit ever recorded by the South Korean memory chip manufacturer.
Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand
Operating profit for the third-quarter hit 7.03 trillion won ($5.08 billion), a record high, beating LSEG forecast of 6.8 trillion won.
Nvidia Supplier SK hynix Reports Record Third-Quarter Financial Results Amid Strong AI Memory Demand
Driven by strong demand for AI-related memory products, Nvidia (NVDA, Financials) supplier SK hynix achieved record financial performance for the third quarter of 2024. With sales of 17.57 trillion won,
2h
on MSN
Nvidia Stock Gains. How Tesla, SK Hynix Are Helping.
Nvidia stock was rising early Thursday. Earnings reports from electric-vehicle maker Tesla and memory-chip manufacturer SK ...
19h
on MSN
Nvidia supplier SK Hynix sees no AI chip oversupply as profit soars to record
South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier booked strong sales of its ...
Digi Times
9h
SK Hynix dismisses HBM oversupply concerns, deepens TSMC partnership for HBM4 development
SK Hynix delivered a record-breaking performance in the third quarter of 2024 with both revenue and operating profit reaching ...
3h
on MSN
Morgan Stanley Analysts Say They Were Wrong on SK Hynix Target
Morgan Stanley analysts have raised their price target for SK Hynix Inc. about six weeks after downgrading the stock, a move ...
Bloomberg L.P.
1d
SK Hynix Posts Record Profit After AI Demand Powers On
SK
Hynix
Inc. posted record quarterly profit and revenue, reflecting strong demand for the memory chips used with Nvidia ...
1d
SK hynix reports earnings surprise in Q3 on AI chip boom
SK hynix, the world’s second-largest memory chip maker by revenue, said Thursday it logged all-time high profit, sales and ...
The Register on MSN
1d
With record revenue, SK hynix brushes off suggestion of AI chip oversupply
SK hynix attributed the stellar results to expanded sales of premium products like high-bandwidth memory (HBM) used in AI and ...
1d
on MSN
SK Hynix stands to benefit from increased AI demand, says analyst
Nam Hyung, research partner and equity research analyst at KIM Arete, discusses SK Hynix's record earnings and demand for its ...
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