Nvidia Supplier SK Hynix Warns of Turbulence From US Tariffs [Yahoo! Finance Canada]
NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The Korean company reported a better-than-projected 158% jump in March-quarter operating income, propelled in part by stockpiling ahead of Trump's tariffs. SK Hynix stuck with a forecast for a doubling in demand for the high-bandwidth memory essential to Nvidia Corp.'s AI accelerators, which in turn drive giant data centers built by the likes of Microsoft Corp. and Amazon.com Inc. That SK Hynix is maintaining its HBM shipment growth guidance is encouraging, said Sanjeev Rana, an analyst with CLSA Securities Korea. “The key question on everyone's mind is, ‘How will the tariffs impact tech demand in the later part of the year?'” Companies around the world are bracing for US tariffs and AI chip export curbs, as well as Chinese restrictions on rare metals, to trigger slowdowns in demand. Microsoft has pulled back on data center projects around the world, while analysts said Amazon is pausing some types of data center leases. Those fears have slowed SK Hyn
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