SK Hynix is trading 3.1% up today at KRW 1,598,000 after reporting a record second-quarter operating profit driven by intense AI-related demand for high-bandwidth memory chips.
- Operating profit soared 557% year-over-year and revenue more than tripled, though the upside was tempered by results missing some market forecasts.
- The stock's gain stands out against a sharp sector-wide selloff in memory names linked to China competition and peaking price concerns.