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Nvidia supplier SK Hynix clocks record Q2 profit, sees AI demand remaining strong
Investing.com-- Nvidia memory chip supplier SK Hynix Inc (KS: 000660) clocked a record profit for the second quarter on robust demand from the artificial intelligence industry, which it expects to remain strong in the coming quarters.
Nvidia Supplier SK Hynix Q2 Profit Rises 69%, Meets Forecasts
The Nvidia supplier reported a 9.2 trillion won ($6.69 billion) operating profit for the April-June period versus 5.5 trillion won a year earlier. That compared with a 9.0 trillion won average forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate.
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