Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
Publishing timestamp: 2024-04-24 22:40:59
Summary
SK Hynix reported a net profit of 1.92 trillion South Korean won in the first quarter, attributing the strong performance to an increase in sales of AI server products and efforts to drive profitability. The company plans to increase supply of high-bandwidth memory for AI and introduce new products to strengthen its position in the market. Despite a recent slide in shares, SK Hynix is optimistic about the growth of the memory market and is making investments to meet the increasing demand for AI chips.
Sentiment: POSITIVE
Tickers: NVDA,
Keywords: earnings, nvidia corp, business news, asia economy, technology, breaking news: technology,