SK Hynix Profit Surges on Relentless Appetite for AI Memory
SK Hynix Inc.'s 12-layer HBM3E memory alongside Nvidia Corp.'s Blackwell Ultra GPUs on display at the SK AI Summit in Seoul.
Photographer: SeongJoon Cho/BloombergSK Hynix Inc. reported its strongest quarterly results to date, underscoring the depth of an artificial intelligence wave that’s triggered an unprecedented surge in memory demand.
Operating profit more than doubled to 19.2 trillion won ($13.5 billion) in the December quarter, beating the 16.7 trillion won average of analysts estimates. Revenue climbed to 32.8 trillion won. Its Korean shares were up more than 7% in extended trading.