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SK Hynix's 632% profit explosion is breathing fresh life into the chip trade

· businessinsider.com · popularity 32/100 · 0 similar stories today

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Summary

SK Hynix is giving chip stocks a fresh boost on Wednesday. The South Korean chipmaker, a poster child of the boom in memory stocks, reported record earnings on Tuesday. The company posted third-quarter results that showed a stunning 632% year-over-year profit increase to over $62 billion, blowing …

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