SK hynix reports fivefold profit increase on strong AI chip demand

upi.com

SK hynix reported a fivefold increase in first-quarter operating profit to $25 billion, driven by strong demand for AI-related memory chips. The company's sales nearly tripled to $35.6 billion, with high-bandwidth memory (HBM) and enterprise SSDs seeing significant price increases due to persistent supply shortages. Analysts predict the semiconductor upcycle will continue, with supply issues expected to persist through the second half of 2026, fueling further demand and potential stock price increases.


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