SK Hynix

SK Hynix reported better-than-expected revenue and an upbeat outlook, sending its New York-listed shares up over 13% as revenue beat estimates and gross margins reached 85.7%. The company projected mid-20% shipment growth this quarter and said production is effectively sold out through 2029 supported by long-term customer agreements, prompting heavy investment in manufacturing capacity. Jim Cramer said the result — combined with low valuation, accelerating growth and shareholder returns — could revive investor interest in AI chip stocks and bode well for peers like Micron. » Mere på cnbc.com

Strong quarterly results from SK hynix gave the chip sector a tailwind: revenue more than quadrupled and operating profit more than septupled year-on-year. SK hynix shares closed nearly 11% higher in Seoul and their ADRs in New York rose by about 12% at one point, pushing the SOX index briefly above 11,600 points. Subsequently, US memory names like Micron and SanDisk, as well as equipment makers such as Lam Research, Applied Materials and KLA, also gained. » Mere på finanzen.net

SK hynix reported an operating profit of 83.33 trillion won for Q3 and surpassed 100 trillion won in revenue for the first time, which sent the stock sharply higher in Seoul. TV host Jim Cramer criticizes that Micron shares move in lockstep with SK hynix, meaning Micron’s valuation could be influenced by developments in Korea. Cramer sees additional amplification risks from tradable SK hynix ADRs in the U.S. and warns investors to watch market movements in Seoul as well as company results. » Mere på finanzen.net