SK Hynix reported operating profit of 8.4 trillion won ($6.1 billion) for Q2 2026, a 557% year-over-year surge driven by HBM3E demand for NVIDIA AI accelerators, but shares slid 4% after the company g…
SK Hynix reported Q2 2026 revenue of 79.3 trillion won, operating profit up 557% year-over-year to 60.5 trillion won, and net profit of 93.9 trillion won, yet its stock dropped 10-15% in Seoul trading…
Samsung engineers are defecting to rival SK Hynix, demoralized by the $476,000 bonus SK Hynix is paying employees from record profits on HBM chips for Nvidia's AI accelerators. Meanwhile, OpenAI's rog…
Micron Technology CEO Sanjay Mehrotra sold $37.3 million worth of MU stock on July 24, days before South Korea's KOSPI index crashed nearly 11% on July 28, triggering a broad semiconductor sell-off. T…
China's ChangXin Memory Technologies (CXMT) raised US$9.8 billion in a Shanghai stock offering to expand DRAM production, sending shares of rivals SK Hynix and Micron Technology lower. The CXMT debut …
Dow Jones futures fell and oil prices jumped on Iran news, while Seagate, SK Hynix, KLA, and Bloom Energy emerged as AI earnings movers. The article was not accessible due to automation detection, wit…
SK Hynix reported Q2 2026 operating profit of KRW 60.54 trillion, a 557% surge from a year earlier, but missed analyst expectations of KRW 64 trillion, causing shares to slump 9.6% to 13% on the Korea…
Asian semiconductor stocks plunged for a second straight day on Wednesday, with Seoul's Kospi index falling 12.6% at one point after SK Hynix reported record profits that missed investor expectations,…
Nvidia lost its position as the world's most valuable company as chip stocks dropped 13% in Asia and the US. South Korea's Kospi index was halted after an 8% slide and closed 10.8% lower, with Samsung…
Micron Technology announced on March 16, 2026, that its 36GB 12-high HBM4 memory is in high-volume production for Nvidia's Vera Rubin platform, with bandwidth exceeding 2.8 TB/s and a 2.3 times improv…
Asian stocks sank on Wednesday, extending a sell-off as anxiety about artificial intelligence valuations and spending returns rattled investors ahead of big tech earnings and a US Federal Reserve poli…
Asian stocks slid on Wednesday, extending a brutal sell-off as anxiety about artificial intelligence valuations, rising competition, and spending rocked markets ahead of crucial earnings from big tech…
Micron Technology reported record fiscal Q3 2026 revenue of $41.46 billion, a 345% year-over-year jump, and guided Q4 to roughly $50 billion as its entire high-bandwidth memory production capacity is …
Shares in major chip firms fell sharply in the US and Asia as a sell-off in AI-related stocks deepened, with South Korea's Kospi index closing 10.8% lower after a temporary trading halt. The slump was…
SK Hynix, the world's second-largest memory-chip maker, reported a sixfold surge in quarterly profit driven by booming demand for AI semiconductors, and said it secured multiyear contracts with about …
SK Hynix reported a record operating profit of 60.5 trillion won for Q2 2024, a more than sixfold increase from 9.2 trillion won a year earlier, driven by AI chip demand, but missed the LSEG SmartEsti…
Apple became the second company to reach a $5 trillion market capitalization, hitting $5.04tn on Tuesday, as investors fled AI and semiconductor stocks amid a broader tech sell-off. The iPhone maker's…
Taiwan Semiconductor Manufacturing Company (TSMC) and Tencent Holdings have broken into the top 100 of the Fortune Global 500 for the first time, driven by surging demand for AI chips and digital plat…
The Nasdaq-100 has fallen 9.7% from its record high, driven by a semiconductor selloff that analysts say is at odds with strong memory demand. South Korea's Kospi dropped nearly 11% on Tuesday, its ei…
The Nasdaq 100 entered correction territory on July 28, falling more than 10% from its recent peak amid a semiconductor selloff driven by AI spending fears. JPMorgan projects hyperscalers will spend n…