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Nvidia supplier SK Hynix sees no AI chip oversupply
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 advanced chips, and said demand for high-bandwidth memory (HBM) chips would continue to outpace supply next year.
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 supplier SK Hynix posts record Q3 profit as AI demand powers on
SK Hynix sees HBM sales making up 40 per cent of its total Dram revenue in the fourth quarter, up from 30 per cent in the third quarter, and added it expects memory chip demand for AI servers to grow further next year as global tech companies continue developing generative AI.
4h
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 ...
Datacenter Dynamics
10h
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 ...
Digi Times
11h
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 ...
5h
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 ...
Digi Times
1d
SK Hynix maintains edge in HBM3E, but HBM4 certification and Samsung's pursuit pose risks
SK Hynix will announce its financial results for the third quarter of 2024 on4. During its previous earnings call, the ...
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 ...
Business Recorder
14h
South Korean shares rise as chipmaker SK Hynix extends gains; set for weekly loss
SK Hynix gained 1.41%, after rising 1.12% on Thursday on a record quarterly profit. Rival Samsung Electronics fell 1.06%.
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