SK Hynix's Record Profit Falls Flat: A Cautionary Tale for AI Investors SK Hynix, a South Korean memory maker, reported a record second quarter operating profit, but investors remain unimpressed.
Despite a 557% year over year increase in profits, the company's shares declined more than 1%.
This reaction is not unique to SK Hynix; semiconductor stocks have been under pressure lately as investors question the sustainability of AI related spending.