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SK Hynix's record profit misses forecasts; shares slump 10% despite robust AI chip demand - The Economic Times
The Nvidia supplier's quarterly operating profit soared more than sixfold to a record high, but it said delays in shipments of some advanced products limited price gains for its mainstay dynamic random access memory (DRAM) chips. Shares in SK Hynix tumbled 10% as the weaker-than-expected earnings heightened investor concerns about the sustainability of aggressive AI spending by tech firms.
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channelnewsasia.com
SK Hynix Q2 profit jumps 557% on AI chip demand, misses forecasts
SEOUL: South Korean chipmaker SK Hynix reported a more than sixfold increase in quarterly operating profit to a record high on Wednesday (Jul 29), driven by robust demand for…
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SK hynix's record profit misses forecasts, shares slump 11% despite robust AI chip demand
SEOUL: South Korean chipmaker SK hynix reported bumper quarterly results on Wednesday (Jul 29) but fell short of lofty investor expectations, heightening market concerns about…
