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When a 1,200 percent profit boost isn’t good enough.
Poor SK Hynix. Despite the memory-chip maker posting record net profit, the stock fell by as much as 18 percent when its revenue haul (also a record) failed to meet the lofty expectations set by the AI hype cycle. The results won’t help investors worried that the AI bubble’s about to pop. [Link: SK Hynix Net Profit Hits Record; Other Metrics Disappoint | https://www.wsj.com/tech/sk-hynix-extends-streak-of-record-results-37a0eaeb?st=6bpvnZ&reflink=desktopwebshare_permalink | WSJ]
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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…
