Nvidia supplier SK Hynix posts record second-quarter profit and revenue on strong AI memory demand
Publishing timestamp: 2025-07-23 23:01:24
Summary
SK Hynix posted record operating profit and revenue in the second quarter, driven by sustained demand for its high bandwidth memory used in artificial intelligence technology. The company expects to double HBM sales for the full year compared to 2024 and is planning to complete preparations for mass production of its next-generation memory, HBM4, before the end of the year. Analysts expect SK Hynix's dominance in the HBM space to persist in the short-term.
Sentiment: POSITIVE
Tickers: MU, SSUN-FF, HY9H-FF,
Keywords: breaking news: technology, technology, asia economy, breaking news: markets, business news, sk hynix inc, markets,
Source: https://www.cnbc.com/2025/07/24/sk-hynix-second-quarter-earnings-record-revenue-profit-jumps.html