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SK Hynix's record profit misses forecasts, shares slump 13% despite robust AI chip demand

SK Hynix's record profit misses forecasts, shares slump 13% despite robust AI chip demand

By Heekyong Yang and Hyunjoo Jin SEOUL, July 29 (Reuters) - South Korean chipmaker SK Hynix reported bumper quarterly results on Wednesday but fell short of lofty investor expectations, heightening market concerns about slower AI spending by big tech firms.
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SK Hynix's record profit misses forecasts,  shares slump 10% despite robust AI chip demand

SK Hynix's record profit misses forecasts,  shares slump 10% despite robust AI chip demand

By Heekyong Yang and Hyunjoo Jin SEOUL, July 29 (Reuters) - South Korean chipmaker SK Hynix reported bumper quarterly results on Wednesday but fell short of lofty investor expectations fuelled by the AI boom, with the company racing to secure long-term supply deals to cushion the memory industry's
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SK Hynix posts record profit, flags sustained AI memory demand despite earnings miss

SK Hynix posts record profit, flags sustained AI memory demand despite earnings miss

By Heekyong Yang, Hyunjoo Jin and Joyce Lee SEOUL, July 29 (Reuters) - South Korean chipmaker SK Hynix reported bumper quarterly results on Wednesday but fell short of lofty investor expectations fuelled by the AI boom, with the company racing to secure long-term supply deals to cushion the memory
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SK Hynix posts sixfold rise in Q2 profit on AI chip demand, misses forecasts

SK Hynix posts sixfold rise in Q2 profit on AI chip demand, misses forecasts

SEOUL, July 29 (Reuters) - South Korean chipmaker SK Hynix reported a more than sixfold increase in quarterly operating profit to a record high on Wednesday, driven by robust demand for advanced memory chips as big technology firms ramped up spending on AI data centres.
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Korean chip stocks tumble with SK Hynix below US listing price amid China competition fears

Korean chip stocks tumble with SK Hynix below US listing price amid China competition fears

By Heekyong Yang SEOUL, July 28 (Reuters) - South Korean chip stocks slumped on Tuesday, with Samsung Electronics and SK Hynix falling as much as 9.5% and 11.1%, respectively, as investors retreated from AI-related stocks amid mounting concerns over financing risks tied to AI infrastructure spending
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Asian chip stocks slide as China competition fears rattle AI trade

Asian chip stocks slide as China competition fears rattle AI trade

By Heekyong Yang SEOUL, July 28 (Reuters) - Asian semiconductor stocks tumbled on Tuesday, with South Korea leading the regional selloff, as investors questioned lofty valuations amid concerns over AI infrastructure financing and intensifying competition from China.
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Trading Day: A show of resilience

Trading Day: A show of resilience

By Jamie McGeever ORLANDO, Florida, July 28 (Reuters) - European and U.S. stock markets on Tuesday shrugged off a deep slump in Asia earlier in the day, following another sharp fall in oil prices and growing optimism around peace talks between the U.S. and Iran, while investors also awaited key tech
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Most of Wall Street rises as oil prices ease, even as chip stocks keep dropping

Most of Wall Street rises as oil prices ease, even as chip stocks keep dropping

Most U.S. stocks are rising after Coca-Cola and other companies reported stronger profits for the spring than analysts expected
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Morning Bid: Chips jolted as momentum shifts in AI

Morning Bid: Chips jolted as momentum shifts in AI

A look at the day ahead in European and global markets from Tom Westbrook Chip stocks tanked across Asia on Tuesday, spooked by the twin threats of rising Chinese competition and mounting questions about the funding and longevity of the AI infrastructure boom.
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Nasdaq falls as AI worries mount ahead of pivotal earnings

Nasdaq falls as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The Nasdaq fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall Street.
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AI anxiety sparks tech rout, broad selloff in Asian markets

AI anxiety sparks tech rout, broad selloff in Asian markets

SINGAPORE, July 28 (Reuters) - Asian markets fell on Tuesday led by chipmakers on unease about the massive funding demands of the AI boom, while a slide in oil prices did relatively little to lift bonds and left traders nervous about U.S. rate hikes, maybe as soon as this week.
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Wall Street's flip from AI stocks to elsewhere accelerates, while oil prices keep easing

Wall Street's flip from AI stocks to elsewhere accelerates, while oil prices keep easing

Most U.S. stocks are rising after Coca-Cola and other companies reported stronger profits for the spring than analysts expected