SK Hynix Earnings Drive Chip Stocks Higher Premarket
SK Hynix said third-quarter net profit more than tripled and that shortages keeping its products in high demand are expected to persist for years. Chip stocks rose in premarket trading.
By WSJ StaffSK Hynix's blockbuster earnings are driving early-morning gains in chip stocks.The world's second-largest memory chip maker said its net profit more than tripled in the third quarter, and that the shortages that have kept its products in hot demand are set to drag on for years."The comp…