SK Hynix Surpasses Expectations Amid AI Boom, Faces Tariff Volatility
SK Hynix outperformed in Q1 2024 with $12.36B in revenue, up 42% YoY, fueled by booming AI and data center demand. However, revenue and profit dipped 11% and 8% respectively from the previous quarter. The company flagged U.S. tariffs and global economic uncertainty as potential risks ahead. Still, strong AI momentum and Big Tech investments are expected to drive long-term growth in memory chip demand.
Read Full Article Here :- Nvidia supplier SK Hynix Cautions on Demand Volatility Despite Profit Surge 158%
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