StockNews.AI
NVDA
benzinga.com
208 days

Nvidia Supplier SK Hynix Soars 102% In Revenue, But Stock Drops Despite AI Memory Boom - NVIDIA (NASDAQ:NVDA)

1. SK Hynix's revenue skyrocketed 102% to $46.34 billion in 2024. 2. AI memory products drove significant profit turnaround for SK Hynix. 3. Fourth-quarter revenue rose 75% year-over-year, with major growth in high-bandwidth memory. 4. CFO highlighted a strategic focus on high-value memory technology investments. 5. SK Hynix's profits and increased dividends reflect strong strategic positioning in the AI sector.

4m saved
Insight
Article

FAQ

Why Bullish?

Strong financial performance and growth in AI memory directly benefits Nvidia's supply chain.

How important is it?

Significant developments in SK Hynix's operations likely influence NVDA's market position.

Why Long Term?

Sustained growth in AI demand indicates continued relevance for Nvidia over time.

Related Companies

Related News