SK Hynix's shares slumped, hit by the shock from Chinese artificial-intelligence startup DeepSeek as stock trading resumed in South Korea after a four-day holiday.

World markets mostly rose on Friday following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports. European markets opened higher after the European Central Bank cut its key interest rate to by a quarter-point to 2.

SK Hynix CFO Kim Woohyun said that the outlook for memory demand in 2025 was clouded by inventory adjustments, protective trade policies and geopolitical risks.

SK hynix has just posted its best-ever yearly earnings for 2024: $46.1 billion in sales, revenues increased by 102% thanks to HBM and AI demand.

Memory maker SK Hynix reported excellent revenue results for 2024, thanks in large part to its high bandwidth memory (HBM). As AI drove demand for hardware from AMD, Nvidia and others, firms like ...

Nvidia (NASDAQ:NVDA) has approved Samsung Electronics (KS:005930) 8-layer HBM3E chips for artificial intelligence applications, Bloomberg reported. The chips will be used in Nvidias AI products for China,

SK Hynix Profit Tops Forecast Samsung Results, but Shares Dip on Demand Outlook By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -South Korea's SK Hynix forecast sales of its high-end semiconductors ...

SK Hynix posted record revenue of KRW66.2 trillion (US$46.3 billion) in 2024, with an operating profit of KRW23.5 trillion, yielding a 35% margin. Net income reached ...

SK's factory investment plan for high-bandwidth memory (HBM) chips this year also underwhelmed investors, analysts said. Before the result, SK Hynix shares had jumped about 30% this year on ...

Shares in SK Hynix, a key supplier to AI chip giant Nvidia, however, fell as much as 4.7% as the company warned of steeper demand declines in commodity memory chips used in smartphones and ...

Stocks surrendered early gains and closed lower after the White House said President Donald Trump would impose promised tariffs on some key U.S. trading partners.

South Korean memory-chip maker SK Hynix's weak guidance appeared to have put tech investors in a bad mood on Thursday. The company's Busan-listed shares fell 2.7% after it posted a record profit but warned of weaker demand this year.