Samsung, SK Hynix Report Strong Results Amid AI Demand

Samsung and SK Hynix, major players in the memory industry, reported record profits and significant deals, addressing doubts about the sector's performance despite a broader market rout, driven by demand for AI technologies.

30 Jul, 16:00 — 30 Jul, 16:00

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bloombergHigh4d ago

Samsung, SK Hynix Answer AI Doubters With Big Numbers and Deals

In a remarkable week, the titans of the near-$1 trillion global memory industry smashed profit records. But they were unable to reverse a market rout that’s erased much of their stocks’ gains this year.

By Yoolim Lee and Vlad Savov

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Samsung, SK Hynix Report Strong Results Amid AI Demand

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Samsung, SK Hynix Answer AI Doubters With Big Numbers and Deals

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