SK Hynix Posts Record Q1 Profit Amid AI Boom, Memory Price Climb
SK Hynix, a key Nvidia supplier, announced a record-breaking first-quarter profit, which rose more than five-fold and met forecasts. This significant financial growth is attributed to climbing memory prices and the booming demand from the artificial intelligence sector.
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SK Hynix posts record first-quarter profit, in line with estimates as memory prices climb
SK Hynix posted yet another quarter of record profit and revenue, as prices for its products continue to surge amid strong AI demand.
Read full article →SK hynix smashes records on AI memory windfall
SK hynix posted its strongest quarterly results on record, with operating profit surging 405 percent to 37.6 trillion won ($27.8 billion) in the first quarter as booming demand for AI memory chips drove prices higher. In a regulatory filing Thursday, the company said its sales to an all-time high of 52.6 trillion won in the January–March period, extending its streak of record results to a fourth straight quarter since the second quarter of last year. The results beat market expectations. Consens
By The Korea Herald
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