Nvidia supplier SK Hynix warns of demand volatility after quarterly profit soars 158% on AI boom

Illustration of the SK Hynix logo displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images South Korea's SK Hynix on Thursday topped quarterly revenue and operating profit estimates, as demand for its high bandwidth memory offerings used in artificial intelligence chipsets stayed strong. Here are SK Hynix's first-quarter results versus LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: Revenue: 17.64 trillion won ($12.36 billion) vs. 17.26 trillion won 17.64 trillion won ($12.36 billion) vs. 17.26 trillion won Operating profit: 7.44 trillion won vs. 6.62 trillion won Revenue rose about 42% in the March quarter compared with the same period a year earlier, while operating profit surged 158%, year on year. On a quarter-on-quarter basis, revenue dropped 11%, while operating profit fell 8% from a record high in the December quarter. SK Hynix is a leading supplier of dynamic random access memory — a type of semiconductor ... Read full article.