South Korean chipmaker SK Hynix posted record earnings in the second quarter, with operating profit surging 557% year on year. Revenue reached 79.32 trillion won, up 257% year on year, but missed the 84 trillion won consensus estimate. The outperformance is driven by robust AI demand, cementing SK Hynix’s leadership in HBM memory technology for AI applications. The company counts Nvidia among its key clients through a multiyear deal worth over $500 billion.
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