SK Hynix shares slide despite sixfold profits surge

Financial Times (Home)

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SK Hynix announced its second‑quarter earnings, reporting a record operating profit of $41.62 billion and revenue that more than tripled year‑over‑year, driven by strong demand for AI chips. Despite the surge, the company fell short of analysts’ consensus estimates for profit.

South Korean chip giant misses analyst expectations but insists risk of memory oversupply remains ‘limited’ ...

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SK Hynix shares slide despite sixfold profits surge

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