SK Hynix Profit Surges on Relentless Appetite for AI Memory

SK Hynix Inc. reported its strongest quarterly results to date, underscoring the depth of an artificial intelligence wave that’s triggered an unprecedented surge in memory demand. Operating profit more than doubled to 19.2 trillion won ($13.5 billion) in the December quarter, beating the 16.7 trillion won average of analysts estimates. Revenue climbed to 32.8 trillion won. Its Korean shares were up more than 7% in extended trading. Most Read from Bloomberg Icheon-based SK Hynix also announced it will e ...