Previous close | 175,900.00 |
Open | 0.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 0.00 - 0.00 |
52-week range | |
Volume | |
Avg. volume | 4,394,290 |
Market cap | 119.957T |
Beta (5Y monthly) | 0.90 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1,200.00 (0.69%) |
Ex-dividend date | 28 Mar 2024 |
1y target est | N/A |
(Bloomberg) -- SK Hynix Inc. said it expects a full recovery in the memory market, led by surging AI-related demand, and lifted its capital spending plans.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterYen Sparks Intervention Suspicion After U-Turn From 1990 LowsWhat 60,000 Headlines Say About the Fed’s Next MoveElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysThe leader in the h
SEOUL (Reuters) -South Korea's SK Hynix Inc said it expected a full recovery in memory chips on AI demand, posting its highest profit in nearly two years on sales of advanced DRAM chips with high bandwidth memory (HBM) for use in generative AI chipsets. "The memory market is entering into full recovery cycle with ongoing strength of AI demand," SK Hynix said. With chipmakers focusing production capacity more on chips to meet AI-driven demand, there may be a shortage of regular memory chips for smartphones, personal computers and network servers by year-end if demand for tech devices exceeds expectations, Hynix said.
South Korea's SK Hynix Inc said it expected a full recovery in memory chips on AI demand, after posting its highest profit in nearly two years on massive sales of its advanced DRAM chips such as high bandwidth memory (HBM) used in generative AI chipsets. The world's second-biggest memory chipmaker and Nvidia supplier reported a 2.89 trillion won ($2.1 billion) operating profit for the January-March quarter versus a loss of 3.4 trillion won a year earlier. "The memory market is entering into full recovery cycle with ongoing strength of AI demand," SK Hynix said.