Economic TimesLean R·
SK Hynix's record profit misses forecasts; shares slump 10% despite robust AI chip demand
The Nvidia supplier's quarterly operating profit soared more than sixfold to a record high, but it said delays in shipments of some advanced products limited price gains for its mainstay dynamic random access memory (DRAM) chips. Shares in SK Hynix tumbled 10% as the weaker-than-expected earnings heightened investor concerns about the sustainability of aggressive AI spending by tech firms.
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