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SK Hynix Q3 operating profit up 632.1% on strong AI memory demand
South Korean chipmaker SK Hynix's third-quarter operating profit surged 632.1% year-on-year, sharply beating estimates, driven by strong AI memory demand. Revenue for the July-to-September period rose 327.9% from a year earlier. The company, a key supplier of high-bandwidth memory (HBM) chips to Nvidia, has benefited significantly from the global AI infrastructure buildout.
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