Chipmaker's stellar performance comes as markets reflect AI spending concerns Analysts say SK Hynix's quarterly earnings have not yet peaked and that their upward…
Chipmaker's stellar performance comes as markets reflect AI spending concerns Analysts say SK Hynix's quarterly earnings have not yet peaked and that their upward trajectory will likely continue at least through next year. © Getty Images SEOUL -- SK Hynix's third-quarter operating profit soared more than sevenfold to 83.3 trillion won ($62.9 billion) from a year ago, driven by strong demand for its advanced memory chips critical to artificial intelligence computing, as global hyperscalers increase investment in servers, data centers and other AI infrastructure.