SK Hynix Q2 profit surges but misses market forecast; shares slide

South Korean chipmaker's earnings come as concerns rise over broader AI-fueled boom South Korean chipmaker SK Hynix has benefited from the ongoing boom in demand for semiconductors spurred by artificial intelligence. (Photo by Ahn Seong-bok) SEOUL — South Korean chipmaker SK Hynix's operating profit soared 557% to 60.54 trillion won ($41.6 billion) in the second quarter from the same period last year, the company said on Wednesday, as the expansion of artificial intelligence infrastructure continued to drive demand for memory chips and other products.

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