SK Hynix inspires investors with record numbers and AI boom!

SK Hynix inspires investors with record numbers and AI boom!

Südkorea - SK Hynix, the giant in the memory chip sector and one of the key suppliers of NVIDIA, shocked the financial world on Wednesday with impressive figures for the third quarter! Instead of an expected decline, the company from South Korea blew all expectations with a record sales of 17.57 trillion, a phenomenal growth of 94 percent compared to the previous year, when it was still 9.1 trillion. But not all forecasts have been fulfilled, since analysts had expected 18.11 trillion, which clouded the hallway.

The real bang came, however, in the operating result: After a loss of 1.8 trillion WON in the third quarter of 2023, SK Hynix returned with a record win of 7.03 trillion WON, far above expectations of 6.8 trillion WON! This shows impressively how much the company has recovered and how the challenges of the past few months have mastered.

artificial intelligence drives sales

What is behind these impressive numbers? SK Hynix benefits from the global hype for artificial intelligence (AI), which rapidly raised the demand for special storage for AI server. In the data centers that form the basis of these new technologies, the need for high -speed stores has exploded. Products such as High-Bandwidth-Memory (HBM) have more than tripled compared to the previous year, and the company is optimistic that this trend will last until next year. "The investments in generative AI are increasing and we are ready to ride this wave!"

The reaction on the stock exchange was initially fluctuating: at the opening, the SK Hynix share fell by 0.4 percent, but was able to recover quickly and finally closed with an increase of 1.12 percent at 198,200. Investors have jumped on the train of positive developments and thus show great confidence in the future of the company!