Nvidia supplier SK Hynix posts 6-year high profit on AI boom

SK Hynix, South Korea's top chip maker, recorded its highest quarterly profit since 2018, boosted by strong AI chip demand, particularly high bandwidth memory (HBM). Despite this, shares dropped 8.4% due to tech sector declines. The firm plans to ship 12-layer HBM3E and HBM4 chips soon, remaining a key Nvidia supplier.