SK Hynix just reported a massive 557% profit jump, but missed analyst expectations, sparking debate over whether the AI chip boom is cooling. Despite securing big multiyear deals with ten clients and a 1,242% net income surge thanks to one-time gains, markets are eyeing sustainability. Fears of rising chip prices slowing electronics production have led some firms to slash profit forecasts, but SK Hynix counters that demand still outpaces supply, especially from cloud providers. CEO hints chip shortages could linger past 2030, while a landmark $500B+ partnership with Nvidia underscores the tech giants’ long-term commitment to memory and supercomputing.
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