Market
Nvidia supplier SK Hynix's Q1 profit rises five-fold, meets forecasts
YahooApr 22, 2026
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.
