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 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.
Morgan Stanley analysts have raised their price target for SK Hynix Inc. about six weeks after downgrading the stock, a move ...
Nvidia stock was rising early Thursday. Earnings reports from electric-vehicle maker Tesla and memory-chip manufacturer SK ...
SK Hynix delivered a record-breaking performance in the third quarter of 2024 with both revenue and operating profit reaching ...
South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier booked strong sales of its ...
SK Hynix Inc. posted record quarterly profit and revenue, reflecting strong demand for the memory chips used with Nvidia ...
SK Hynix will announce its financial results for the third quarter of 2024 on4. During its previous earnings call, the ...
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 ...
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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