SK hynix has just posted its best-ever yearly earnings for 2024: $46.1 billion in sales, revenues increased by 102% thanks to HBM and AI demand.

(Bloomberg) -- This year’s 30% AI-driven rally in shares of South Korea’s SK Hynix Inc. faces threats as political issues and valuations push local investors toward domestic-focused companies.

Asia markets are mostly higher on Friday following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports.

Memory maker SK Hynix reported excellent revenue results for 2024, thanks in large part to its high bandwidth memory (HBM). As AI drove demand for hardware from AMD, Nvidia and others, firms like ...

SK's factory investment plan for high-bandwidth memory (HBM) chips this year also underwhelmed investors, analysts said. Before the result, SK Hynix shares had jumped about 30% this year on ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chipmaker SK Hynix overtook its larger rival Samsung on quarterly profit for the first time, with its lead ...

SK Hynix posted record revenue of KRW66.2 trillion (US$46.3 billion) in 2024, with an operating profit of KRW23.5 trillion, yielding a 35% margin. Net income reached ...

Shares of SK Hynix Inc., a key supplier to Nvidia Corp., tumbled more than 11% as the South Korean stock market resumed trading Friday after holidays during which Chinese startup DeepSeek shocked the AI world.

Most Asian markets rose on Friday following encouraging earnings updates from Apple and Intel. Seoul stocks underperformed amid a

European stocks are seen opening broadly lower on Friday despite Apple posting a record revenue and Intel beating earnings and

Tesla reported weaker-than-expected earnings. Shares were down shortly after the results were released. For the fourth quarter, Tesla announced earnings per share of 73 cents. Wall Street was looking for 75 cents,

In its earnings presentation, Tesla maintained its timeline for self-driving robotaxis. FSD is short for Full Self Driving, Tesla’s highest-level driver assistance feature. Tesla uses AI computing to train cars to drive themselves.