SK Hynix Shares Plunge as Record Profits Miss Market Expectations
SK Hynix shares dropped sharply on Wednesday, tumbling 13% to 15% after reporting a sixfold surge in quarterly operating profit to 60.54 trillion won. Despite record earnings driven by artificial intelligence demand, results missed lofty market expectations, triggering broader technology sector jitters and a massive capital spending increase to at least $31 billion. South Korea’s … Read more