But its shares fell as much as 6.7%, the biggest intraday fall since April 19, as investors soured on the promise of AI.
Shares of SK Hynix Inc. tumbled after a rout in tech stocks, overwhelming solid financial results for the supplier to Nvidia Corp. in the June quarter.
The company, which supplies chips that train artificial intelligence models, reported sales more than doubled to 16.4 trillion won ($15.92 billion) as revenue for its high-bandwidth memory surged more than 250%. Operating profit in the three months to June also beat expectations, coming to 5.47 trillion won with an operating margin of 33%, helped by a rise in overall prices of DRAM and NAND.
