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SK Hynix Profit Surges Sevenfold as AI Memory Demand Grows

Strong AI memory demand lifted SK Hynix's quarterly profit above expectations, sending shares higher and prompting shareholder return plans whose reported size differs sharply across coverage.

Read the full story → · Latest coverage 28 Oct 2026, 5:24 am UTC

Key moments · 5

Third quarter profit sharply exceeds estimates on AI demand

CNBC ↗

Company unveils plans for additional returns to shareholders

Bloomberg Technology ↗

Record net profit reaches 39.77 trillion won

Infobae ↗

Shares jump eight percent after quarterly earnings beat

Breaking News on Seeking Alpha Business & Economy ↗

Company reaffirms component shortage outlook through at least 2030

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