SK Hynix's operating profit increased 557% in the second fiscal quarter, but it still fell short of expectations. The company's capital expenditure this year is at least 31 billion US dollars, and market concerns about excessive investment in artificial intelligence production capacity are heating up. The company expects capital investment to increase by about 50%, to at least 45 trillion won. Driven by the continued tight supply of global memory chips, SK Hynix raised prices to customers such as Apple and Nintendo, and its profit margin for the June quarter exceeded 80% and reached a high level. However, SK Hynix's stock price fell 11% in Seoul on Wednesday, reflecting not only that the market has extremely high expectations for core companies in the artificial intelligence industry, but also that investors are increasingly concerned that the scale of data centers built by large technology companies such as Meta Platforms Inc. may exceed actual demand. KOSPI, the benchmark index for the Korean stock market, fell for the second day in a row.

SK Hynix's operating profit increased 557% in the second fiscal quarter, but it still fell short of expectations. The company's capital expenditure this year is at least 31 billion US dollars, and market concerns about excessive investment in artificial intelligence production capacity are heating up. The company expects capital investment to increase by about 50%, to at least 45 trillion won. Driven by the continued tight supply of global memory chips, SK Hynix raised prices to customers such as Apple and Nintendo, and its profit margin for the June quarter exceeded 80% and reached a high level. However, SK Hynix's stock price fell 11% in Seoul on Wednesday, reflecting not only that the market has extremely high expectations for core companies in the artificial intelligence industry, but also that investors are increasingly concerned that the scale of data centers built by large technology companies such as Meta Platforms Inc. may exceed actual demand. KOSPI, the benchmark index for the Korean stock market, fell for the second day in a row.