SK Hynix posts record profit, flags sustained AI memory demand despite earnings miss - Reuters
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- SK Hynix posted record quarterly profit, but the results missed Q2 revenue/sales estimates, with second-quarter revenue still more than tripling year-over-year per CNBC.
- Despite flagging sustained AI memory demand, the earnings miss fell short of what Yahoo Finance described as investors' "lofty AI expectations" for the Nvidia partner.
Why it matters: SK Hynix delivering triple-digit revenue growth and record profit — yet still missing estimates — illustrates how aggressively the market is pricing AI memory demand; for Nvidia and the broader AI supply chain, even blowout quarters may not clear the bar.
