SK Hynix profit jumps 632% as memory becomes AI's bottleneck
SK Hynix posted operating profit of 55,610 million euros in a quarter, up 632%, with a 79.7% margin, according to its results. The South Korean company surpasses 100 for the first time in the metric cited in the excerpt and has its output sold out through 2029. Memory scarcity is setting the pace of artificial intelligence.
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