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 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,
Nvidia stock was rising early Thursday. Earnings reports from electric-vehicle maker Tesla and memory-chip manufacturer SK ...
South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier booked strong sales of its ...
SK Hynix delivered a record-breaking performance in the third quarter of 2024 with both revenue and operating profit reaching ...
Morgan Stanley analysts have raised their price target for SK Hynix Inc. about six weeks after downgrading the stock, a move ...
SK Hynix Inc. posted record quarterly profit and revenue, reflecting strong demand for the memory chips used with Nvidia ...
SK hynix, the world’s second-largest memory chip maker by revenue, said Thursday it logged all-time high profit, sales and ...
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With record revenue, SK hynix brushes off suggestion of AI chip oversupplySK hynix attributed the stellar results to expanded sales of premium products like high-bandwidth memory (HBM) used in AI and ...
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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