AsianFin -- South Korea’s SK Hynix projected its sales of high-end semiconductors for generative AI chipsets to double this year, following a record-breaking quarterly profit that outpaced its larger rival Samsung.
Despite the strong earnings, shares in SK Hynix fell 4% on Thursday, as the company cautioned about sharper price declines in commodity memory chips used in smartphones and computers. This was attributed to weakening demand and intensified competition from Chinese rivals.
SK Hynix shares had surged approximately 30% this year, driven by optimism around its collaboration with AI chip leader Nvidia, far outpacing Samsung’s 2% gain over the same period.
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