SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand
South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would double this year after reporting a record quarterly profit that surpassed its bigger rival Samsung.
Shares of Micron (NASDAQ:MU) are down about 3.5% on the day. About This Article Shares of Micron are down about $4.50 on the day thanks to Nvidia supplier, SK Hynix. Granted, SK Hynix did post a ...
The result compared with an 8 trillion won average forecast by LSEG SmartEstimate, which is weighted toward analysts who are ...
SK Hynix still finds strong demand for AI-related chips even with uncertainty ahead. However, experts caution that artificial ...
ExtremeTech on MSN1h
SK Hynix Closes the Book on a Banner Year for High-Bandwidth MemoryThe company’s Q4 revenue increased by 12%, and its operating profit rose by 15%, making for its best quarter ever, SK Hynix said in a statement. The company also announced that its revenue for the ...
SK hynix Inc. reported financial results for 2024, with revenues surging 102% to 66.19 trillion won ($46.34 billion), driven ...
The Register on MSN11h
SK hynix wobbles on market uncertainty, despite record 2024 earningsHowever, SK's shares dropped by as much as 4.7 percent after chief financial officer Kim Woo-hyun warned of weaker demand ...
Shares of Micron Technology ( MU -3.93%) were slipping Thursday. The firm's stock is down 2.9% as of 1:25 p.m. ET, but lost as much as 5.4% earlier in the day. The move down comes as the S&P 500 ( ...
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