SK Hynix Rides AI Wave to Record-Breaking Profits

Written By Jae Park

SK Hynix, a key supplier of high-bandwidth memory (HBM) chips to AI giant Nvidia, reported unprecedented quarterly and annual results for 2024. The South Korean memory chip maker saw its Q4 net profit soar to $5.6B, surpassing analyst estimates. Full-year revenue doubled to $45B, with net profit reaching $13.6B. This stellar performance was largely driven by the booming demand for AI-related chips, with HBM products accounting for over 40% of SK Hynix’s Q4 DRAM revenue. The company’s stock has reflected this success, rising nearly 30% in January alone.

My Take

As AI continues to reshape industries, companies positioned at the intersection of hardware and AI, like SK Hynix, are poised for sustained growth.

#AIChips #SKHynix #TechEarnings #Semiconductors #AIBoom #InvestingInAI

Link to article:

https://www.wsj.com/tech/sk-hynix-posts-strong-fourth-quarter-net-profit-on-ai-boom-6f32e38b

Credit: WSJ

This post reflects my own thoughts and analysis, whether informed by media reports, personal insights, or professional experience. While enhanced with AI assistance, it has been thoroughly reviewed and edited to ensure clarity and relevance.

Jae Park
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