SK Hynix Misses Profit Estimates Despite Record Quarter, Sees Higher CapEx as AI Demand Holds Strong: Jim Cramer Calls It Not That 'Bad'
SK Hynix reports record earnings, misses operating profit estimates as AI memory demand remains strong.
SK Hynix made more money than ever before, but not quite as much profit as people predicted—though they're spending more money on factories because AI companies really want their computer chips. When a company misses expectations but has a good reason (like huge customer demand), it's worth watching to see if things improve next time.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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