SK Hynix Posts Record Profits Thanks To Strong AI Demand [Barron's]
NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: Barrons
The world's second-largest memory chip maker dominates the market for high-bandwidth memory (HBM) semiconductors and is a key supplier for US titan Nvidia. SK hynix said it recorded an operating profit of 7.44 trillion won ($5.19 billion) -- a nearly 158 percent year-on-year increase -- on revenues of 17.64 trillion won from January–March. Both figures marked the company's second-highest quarterly results on record, following last quarter's performance. The news comes after Taiwanese chip giant TSMC last week announced a surge in net profit for the first quarter and forecast robust demand for artificial intelligence technology, despite the spectre of US tariffs on the critical sector. Net income also quadrupled compared to the previous year to 8.11 trillion won ($5.67 billion), with the firm saying the "memory market ramped up faster than expected due to competition to develop AI systems and inventory accumulation demand". The company added that its annual HBM sales for thi
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