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SK Hynix Stock Soars to Record High on AI Chip Demand Surge

SK Hynix Stock Soars to Record High on AI Chip Demand Surge

Author:

Global Cryptocurrency

Published:

2025-10-29 13:47:02

22

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BTCCSquare news:

SK Hynix shares surged to an all-time high following a blockbuster third-quarter earnings report, with operating profit jumping 62% year-over-year to ₩11.4 trillion ($8 billion). The Nvidia supplier's revenue grew 39%, driven by insatiable demand for memory chips powering AI data centers.

The South Korean chipmaker revealed its 2025 memory supply is already fully booked, prompting plans for 2026 capacity expansion. Management anticipates a prolonged "super cycle" in memory markets as AI adoption outpaces supply growth. The company begins shipments of cutting-edge HBM4 chips this quarter, marking the sixth generation of its high-bandwidth memory technology.

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