SK Hynix Stock Jumps Nearly 6% After First 100 Trillion Won Quarter
SK Hynix stock rose 5.67% from Tuesday’s close to 1.417 million won in early Seoul trading on Wednesday. The chipmaker had posted record quarterly sales of 104.6 trillion won ($78.9 billion) and forecast memory shortages through 2030. That outlook runs against how investors had been pricing chip stocks. Goldman Sachs estimated that Korean chip valuations The post SK Hynix Stock Jumps Nearly 6% After First 100 Trillion Won Quarter appeared first on BeInCrypto.
Key Takeaways
- SK Hynix stock rose 5.67% from Tuesday’s close to 1.417 million won in early Seoul trading on Wednesday.
- The chipmaker had posted record quarterly sales of 104.6 trillion won ($78.9 billion) and forecast memory shortages through 2030.
- That outlook runs against how investors had been pricing chip stocks.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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