SK Hynix Overtakes Samsung
12 articles from 4 countries
SK Hynix has surpassed Samsung Electronics to become South Korea's most valuable company by market capitalization, a first in 27 years. The chipmaker's shares have surged over 340% this year, driven by the global AI boom. This shift is reshaping the stock market and highlighting affluent areas in South Korea's southern Gyeonggi province, where SK Hynix shuttle routes are emerging as indicators of wealth.
Chipmaker SK Hynix Reports 557% Profit Surge to Record 36.5 Billion Euros
- South Korean chipmaker SK Hynix reported a record operating profit of 36.5 billion euros for the second quarter. - This represents a 557% increase compared to the same period last year, driven by the booming artificial intelligence market. - Despite record profits, the company's performance reportedly fell short of some expectations.
BNK Securities Slashes SK Hynix Target Price to Record Low of 1.48 Million Won
- BNK Investment & Securities lowered its target price for SK Hynix to 1.48 million won, the lowest among brokerage reports. - The firm maintained its 'Hold' investment rating, citing a 'limited rebou…
South Korean stock market's AI-fueled rally turns to panic selling
- South Korea's stock market, which led global gains in the first half of the year due to high demand for memory chip manufacturers, has experienced a sharp decline in the past month. - Shares of memo…
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Samsung, SK Hynix stocks tumble amid AI sector jitters
- South Korean semiconductor giants Samsung and SK Hynix saw their stock prices plummet by 12% to 18.5% on Wednesday. - The decline is attributed to investor concerns over AI sector prospects, potenti…
SK Hynix Reports Record Profit, But Stock Plummets Amid Market Fears
- SK Hynix reported record quarterly operating profit and revenue in Q2, exceeding previous highs. - Despite strong financial results, the company's stock price fell nearly 10%, dragging down the broa…
SK Hynix Posts Record First-Half Revenue, But Stock Dips Amid 'Peak Out' Fears
- SK Hynix reported record-breaking first-half revenue exceeding 130 trillion won and a second-quarter operating profit of 60.5 trillion won, driven by high-value AI memory chips like HBM. - Despite r…
South Korean stocks KOSPI, KOSDAQ plunge, trigger circuit breakers for second day
- South Korean stock markets, both KOSPI and KOSDAQ, experienced sharp declines, triggering circuit breakers for the second consecutive day. - The KOSPI saw trading halted for 20 minutes after falling…
KOSPI plunges below 6,000 as SK Hynix misses forecasts
- The South Korean stock market experienced a sharp decline, with the KOSPI index falling below 6,000 points despite SK Hynix reporting record quarterly earnings. - SK Hynix's second-quarter operating…
SK Hynix Negotiating HBM Volume, Price for Next Year Amid Rising DRAM Costs
- SK Hynix is negotiating the volume and price of High Bandwidth Memory (HBM) for next year with key clients. - The company anticipates that the rising prices of standard DRAM will also influence HBM …
South Korean Stocks Rise on Strong Tech Performance
- South Korea's stock market, the KOSPI, opened higher on July 29, recovering from a previous day's sharp decline. - The index rose 1.09% to 6089.11 points shortly after opening, continuing an upward …
SK Hynix posts record Q2 profit of $52 billion on AI chip demand
- SK Hynix reported record-breaking operating profit of 60.54 trillion won in the second quarter, a 6.5-fold increase year-on-year. - Revenue also hit a quarterly high of 79.31 trillion won, driven by…
SK Hynix Q2 Profit Soars Over Sixfold to Record High, But Misses Market Estimates
- SK Hynix reported a second-quarter operating profit of 60.5 trillion won, a more than sixfold increase year-on-year. - This marks the company's largest-ever quarterly profit, though it fell short of…