SK Hynix Q2 Profit Misses Despite 557% Surge, AI Memory Demand Strong
NVDA sits 19% above its 52-week low of $164.07.
Summary
SK Hynix, a key NVIDIA supplier, reported Q2 operating profit of 60.5T won, missing the 64T won forecast despite a 557% YoY jump. The miss stems from its heavy AI memory exposure, which limited gains from a conventional memory price rally. For NVIDIA, this signals robust AI demand but also highlights supply-chain concentration risks. The result follows NVIDIA's own record Q1 and strong guidance, reinforcing the AI capex trend. Watch for potential read-through to NVIDIA's upcoming earnings and any commentary on memory supply constraints.
At the time of this announcement, NVDA was trading at $195.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.8T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.