SK Hynix quarterly profit rises 557%
SK Hynix profit rises less than expected
SKHY - Sk Hynix Inc.’s quarterly profit rose a smaller-than expected 557%, adding to heightened fears that an AI boom that has propelled the Semiconductor industry may be decelerating.
The key supplier of Nvidia Corp. reported operating profit of 60.5 trillion won ($42B) in the June quarter versus analysts’ average projection for 64.2 trillion won.
Revenue came to 79.3 trillion won, against the average estimate of 83.9 trillion won.
Share are -7% in Seoul trading