Nvidia Supplier SK Hynix Posts Record Profit on AI Boom
The South Korean memory-chip maker reported record quarterly and annual results after stronger-than-expected earnings for the final quarter of 2024 on robust chip demand.
SK Hynix posts record quarterly profit surpassing Samsung on AI boom
South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would double this year after reporting a record quarterly profit that surpassed its bigger rival Samsung.
SK Hynix Dips After Record Profit Misses Lofty Expectations
SK Hynix Inc.’s shares slid 4.7% after its record quarterly profit and modest capex plans failed to impress investors betting on insatiable AI demand for advanced memory chips.
SK Hynix Posts Strong Fourth-Quarter Net Profit on AI Boom
The South Korean memory-chip maker posted stronger-than-expected earnings for the final quarter of 2024 on robust chip demand.
Nvidia supplier SK Hynix posts record quarterly profit on AI chip demand
South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as high-bandwidth memory (HBM) used in generative artificial intelligence chipsets.
SK Hynix fourth-quarter profit soars to a record high, beating expectations on AI boom
South Korea’s SK Hynix, one of the world’s largest memory chipmakers supported by strong sales of high bandwidth memory (HBM) used in generative AI.
AI chip boom powers SK hynix to record 2024 profits and sales surge
SK hynix, a key memory chip supplier to Nvidia, achieved record-breaking sales and operating profit last year, driven by strong demand for high-end semiconductors such as high bandwidth memory (HBM).
Discover Financial fourth-quarter profit jumps on lower loan loss provisions
U.S. credit card issuer Discover Financial posted a more than threefold increase in fourth-quarter profit on Wednesday, ...
Unilever India’s Profit Beats Estimate on One-Time Gains
Hindustan Unilever Ltd. posted quarterly profit that beat estimates boosted by one-time gains even as the consumer goods ...
Corcept Therapeutics Generating Strong Revenue And Profit Growth
Corcept Therapeutics' long-term goal is $3 billion revenue by 2029, driven by the new drug Relacorilant. Click here to read ...
J&J Reports Strong Revenue and Profit but Faces Challenges in 2025
Johnson & Johnson reported better-than-expected quarterly revenue and profit on higher sales of cancer drugs and some medical devices. But shares slipped 3.2% to $143.35 in Wednesday morning trading, ...
Capital One Profit Climbs 55% as Margins Expand, Card Loans Grow
Capital One Financial Corp. posted a higher fourth-quarter profit as net interest margins widened and credit-card loans ...
High-Profit, Low-Failure Business Ideas That Are Built For Success
When you combine strong profit potential with lower failure rates, you set yourself up for long-term business success.
Puma launches cost-cutting drive after 2024 net profit disappoints
Sportswear brand Puma announced a cost-cutting programme on Wednesday after reporting 2024 net profit below the prior year's ...
United Airlines Gains After Profit Outlook Bucks Winter Doldrums
United Airlines Holdings Inc. predicted first-quarter profit well ahead of Wall Street’s estimates as the carrier capitalizes ...