South Korean chipmaker SK Hynix announced on Wednesday that due to continued demand for artificial intelligence infrastructure driving up memory chip prices, its quarterly operating profit increased more than seven times, reaching a record high, exceeding market expectations. The Nvidia supplier reported operating profit of 83.3 trillion won from July to September compared to 11.4 trillion won in the same period last year. The market forecast is 76.7 trillion won, and this data focuses more on the estimates of analysts who have more stable forecasting accuracy.

South Korean chipmaker SK Hynix announced on Wednesday that due to continued demand for artificial intelligence infrastructure driving up memory chip prices, its quarterly operating profit increased more than seven times, reaching a record high, exceeding market expectations. The Nvidia supplier reported operating profit of 83.3 trillion won from July to September compared to 11.4 trillion won in the same period last year. The market forecast is 76.7 trillion won, and this data focuses more on the estimates of analysts who have more stable forecasting accuracy.