SK Hynix Reports Massive Profit Surge Amid Booming AI Demand
South Korean chipmaker SK hynix has posted a record second-quarter profit increase driven by artificial intelligence demand, though its shares plunged.
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According to Euronews, South Korean chipmaker SK hynix has reported a 1,242 percent profit surge fuelled by booming artificial intelligence demand. Despite recording these record second-quarter profits, the company's shares plunged as investors questioned whether the ongoing boom can last amid escalating Middle East tensions.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews