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Nvidia supplier SK Hynix second-quarter profit soars 69% to a record high, revenue also hits new highs

1. SK Hynix reports record revenue and profit, driven by HBM demand. 2. NVIDIA is a key client for SK Hynix’s high bandwidth memory. 3. SK Hynix dominates HBM market, outperforming rivals like Micron and Samsung. 4. Revenue rose 35% YoY; operating profit increased by 68%. 5. New U.S. chip packaging plant planned for next year.

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FAQ

Why Bullish?

NVIDIA's reliance on SK Hynix for HBM boosts growth and stability; historical trends show cooperation drives stock performance.

How important is it?

The sustained growth of SK Hynix in HBM directly supports NVIDIA's market position in AI; positive revenue forecasts suggest a strong business relationship.

Why Short Term?

Immediate demand for AI-related products likely to sustain NVIDIA's stock in the near future; previous partnerships have led to short-term gains.

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