Nvidia provider SK Hynix clocks bumper This autumn revenue on AI-fueled chip demand

Investing.com– Nvidia provider SK Hynix Inc (KS:000660) posted a pointy improve in its fourth-quarter revenue on Thursday, because the reminiscence chip maker benefited from elevated demand for high-end chips from the substitute intelligence trade. 

Working revenue surged 2,236% to a record-high 8.08 trillion gained ($5.64 billion) within the three months to Dec 31, barely above Reuters estimates of 8 trillion gained. This was on a 75% leap in income to 19.77 trillion gained. 

The corporate is the second-largest maker of reminiscence chips on the earth, and beat out rivals Samsung Electronics Co Ltd (KS:005930) and Micron Expertise Inc (NASDAQ:MU) in bringing superior high-bandwith reminiscence (HBM) chips into manufacturing over the previous yr. 

HBM chips a key element of AI processors, with SK Hynix serving as a significant provider to AI large NVIDIA Company (NASDAQ:NVDA). The corporate has significantly benefited from a ramp-up in AI demand over the previous two years, with its investments in elevated capability and superior chip manufacturing now bearing fruit. 

SK Hynix stated that demand for HBM and server reminiscence will proceed to extend amid quickly rising AI improvement throughout the globe, and that it plans to develop HBM provide to satisfy this demand. 

SK Hynix shares rose sharply this week after U.S. President Donald Trump introduced $500 billion in non-public funding over the following 4 years to construct new AI infrastructure within the U.S. OpenAI and SoftBank Group Corp. (TYO:9984) will lead the enterprise, with tech majors together with Nvidia, Oracle (NYSE:ORCL), Microsoft (NASDAQ:MSFT) and Arm serving because the lead preliminary expertise companions.