SK Hynix profit jumps 632%, memory chipmaker sees shortage lasting until 2030 - Yahoo Finance — SkimNews
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- SK Hynix reported a 632% profit jump and sees the memory-chip shortage lasting until 2030.
- SK Hynix shares jumped 11% after the record quarterly profit; the company also plans $75 billion in shareholder returns, while Reuters linked its advance to higher S&P 500 and Nasdaq openings.
Why it matters: SK Hynix shareholders gained directly from the record result: shares jumped 11%, and the company plans $75 billion in shareholder returns. The 2030 shortage outlook extends the story beyond one exceptional quarter, while Reuters’ market coverage showed the advance also supported higher openings for the S&P 500 and Nasdaq.
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