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SK Hynix Leads Memory Stocks Higher as AI Demand Drives Record Sales, Profits
SK Hynix’s U.S.-listed shares have been on a roller-coaster ride since their July debut.
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Key Takeaways
SK Hynix shares jumped Wednesday after the memory chipmaker reported record quarterly results.
Micron Technology and other semiconductor stocks followed SK Hynix higher.
SK Hynix’s U.S.-listed shares are surging after the South Korean memory chip giant turned in record quarterly results.
Shares of SK Hynix (SKHY) were up over 10% to $160 in recent trading. The company said its third-quarter sales came in at 104.62 trillion Korean won ($77.92…
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