SK Hynix reported record quarterly revenue of 52.58 trillion won ($35.53 billion) and operating profit of 37.61 trillion won, driven by strong demand for high-bandwidth memory (HBM) used in AI data centers. Despite a typical seasonal downturn, AI infrastructure investments kept demand high, pushing memory prices up and benefiting SK Hynix's market share in HBM to 57%. The company leads in this segment, although Samsung recently overtook it in overall DRAM revenue. SK Group warns that chip shortages may last until 2030 due to slow wafer supply expansion and rising demand for HBM, with a supply shortfall expected to exceed 20%.
Asian semiconductor stocks experienced a significant decline following a sell-off in US chipmakers, with SK Hynix shares dropping over 9% in Seoul after an earlier 8% rally. The sell-off reflects concerns over AI spending and profit-taking after a st...
Jim Cramer expressed skepticism about the current impact of AI investments, noting that while AI infrastructure companies benefit, many corporate users have yet to show significant cost savings or revenue gains. He highlighted that banks, expected to...
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Sanjeev Sharma forecasts the S&P 500 will finish 2026 slightly below its starting point due to weak consumer fundamentals like stagnant wage growth, high inflation, elevated gas prices, and rising interest rates. His disposable income-based model hig...
Micron Technology announced that its executives will participate in the KeyBanc Capital Markets Technology Leadership Forum on August 10, 2026, in Deer Valley, Utah. The event presentation will be webcast live and available for replay on Micron's Inv...
