Nvidia Partner SK Hynix’s Profit Fails to Impress AI Chip Bulls
- Its shares slide in Seoul after a 30% run-up this year
- Demand for high-end memory soaring on datacenter rollouts
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SK Hynix Inc.’s shares slid after record quarterly results failed to impress investors grappling with stagnant smartphone demand and questions about AI spending in 2025.
Nvidia Corp.’s main supplier of high-bandwidth memory reported a more than 20-fold jump in December-quarter operating profit to 8.08 trillion won ($5.6 billion) — eclipsing rival Samsung Electronics Co.’s earnings for the first time. But the stock slid more than 2% after investors cashed out of a 30% share rally this year.