SK Hynix Registers Q3 Profit Increase of 630%

Despite concerns of overvaluation with investments in AI data centres, the sector has transformed SK hynix’s fortunes. SK hynix, on Wednesday reported an operating profit of 83.3 trillion won ($62.8 billion) in the July-September period, marking an increase of 632 per cent, largely driven by high demand for memory chips in the artificial intelligence sector.