South Korea's SK Hynix posted a more than five-fold jump in first-quarter operating profit ‌to a record on Thursday, as the artificial intelligence boom drove ‌strong demand for both advanced and conventional memory chip products. "As AI evolves from large model training to the stage of agentic ‌AI, which repeatedly performs ⁠real-time inference across various service environments, the foundation for memory demand is expanding across both DRAM and NAND flash," SK Hynix ⁠said in a statement. Contract prices for certain DRAM chips jumped nearly 83% in the first quarter from the previous quarter, while prices for some NAND products soared around ​160%, according ​to data from market tracker TrendForce.