SK Hynix Is Set to Surf AI Wave as Rivals Confirm Growing Demand
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SK Hynix Inc. will have to contend with high expectations when it reports this week after solid earnings from the likes of Micron Technology Inc. cemented optimism about demand for artificial intelligence chips.
Micron’s surprisingly strong sales forecast last month spurred optimism about SK Hynix’s earnings outlook, Bloomberg Intelligence said. However, there are signs that some of the fanfare surrounding AI stocks may be fading after Taiwan Semiconductor Manufacturing Co. scaled back its outlook for a chip market expansion.