Nvidia Supplier SK Hynix Posts Record Profit on AI Boom

SK Hynix 000660 -3.56%decrease; red down pointing triangle reported record quarterly and annual results after stronger-than-expected earnings for the final quarter of 2024, as it continued to benefit from robust chip demand amid the artificial-intelligence boom.

The South Korean memory-chip maker supplies advanced high-bandwidth-memory products to AI-chip giant Nvidia, and its market leadership has helped significantly boost profits over the past year thanks to brisk shipments of higher-end, premium HBM products.