SK Hynix’s quarterly results beat expectations, sending its New York-listed shares up more than 13% and lifting Micron, Arm and AMD. Revenue exceeded estimates by roughly 6%, gross margin reached 85.7%, and shipments are expected to grow by around 20% this quarter, up from 10% in the third quarter. The South Korean memory maker said production is effectively sold out through 2029 under long-term customer agreements, demonstrating strong demand for chips used in AI data centers. Cramer said the low valuation, accelerating growth, sustained demand, dividends and share buybacks provide a blueprint for AI-related companies to regain investor confidence amid widespread skepticism.
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