SK hynix records stellar 94% YoY revenue boost in Q3'24 — Attributes record profits to soaring demand of memory in AI servers
SK hynixhas just seen one of its best financial quarters in history, marking a staggering 94% growth in revenue compared to last year. SK hynix credits the ever-rising demand for memory in the AI market as it leaps over its competitors with the development of itsHBM3Eofferings. The company’s net income, which was in the red throughout 2023 is steadily rising this year with a 40% spike quarter over quarter. Being one of the key memory suppliers to Nvidia and AMD has been crucial for all memory makers due to the potential growth in the AI industry....