Nvidia supplier SK Hynix's Q2 profit soars on AI boom
SEOUL, July 25 (Reuters) -South Korea's SK Hynix 000660.KS posted on Thursday its third consecutive quarterly profit as the Nvidia NVDA.O supplier sees explosive sales of its advanced DRAM chips such as high bandwidth memory (HBM) used in generative AI chip sets.
The world's second-biggest memory chipmaker reported a 5.47 trillion won ($3.96 billion)operating profit for the April-June quarter versus a loss of 2.9trillion won a year earlier.
It was in line withexpectations for a 5.4 trillion won operating profit from LSEG SmartEstimate which is weighted toward analysts who are more consistently accurate.
($1 = 1,380.3400 won)
Reporting by Joyce Lee and Heekyong Yang; Editing by Jacqueline Wong
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