SK Hynix Record Profit Lifts Micron, Nvidia and AI Chip Stocks
SK Hynix reported record quarterly profit and announced a major shareholder-return plan. Its South Korean shares jumped, lifting Micron, Nvidia and other semiconductor stocks.
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08:28:50 PM UTC
SquawkNews
Wedbush raised its price target on SK Hynix NASDAQ:SKHY after the South Korean memory giant delivered record third-quarter results and announced a huge shareholder-return program.The firm lifted its target to?3 million from?2.56 million, citing stronger-than-expected memory pricing, rising shipme…