SK Hynix Q2 net profit surges 1,242% on strong AI memory demand

1. 1SK Hynix (SKHY) said on Wednesday that its Q2 net profit jumped 1,242% year-on-year.
2. 2Net profit reached a record KRW 93.9 trillion, but shares fell 9.6% as revenue and operating profit missed estimates.
3. 3Robust demand for high-bandwidth memory for AI was the driver, while a one-time gain from the sale of its Kioxia stake also lifted net profit.

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