South Korean chipmaker SK hynix reports 1,242% profit surge on booming AI demand

🇰🇷 Euronews (KR) —

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South Korean chipmaker SK hynix reported a 1,242% profit surge in the second quarter driven by booming AI demand. Despite the record profits, shares dropped as investors questioned the sustainability of growth amid Middle East geopolitical tensions.

Despite record second-quarter profits fuelled by AI demand, SK hynix shares plunged as investors questioned whether the boom can last amid Middle East tensions.

Conflict Markets AI & Tech SK hynix chipmaker AI demand profit surge Middle East tensions stock market

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