SK hynix Q2 profit jumps 557% on AI chip demand, misses forecasts

​South Korean chipmaker SK hynix reported a ‌557 percent increase in quarterly operating profit to a record high ‌on Wednesday, driven by robust demand for advanced memory chips ⁠as big technology firms ramped up spending on AI data centres. The ⁠Nvidia supplier reported an operating profit ​of 60.5 trillion won ($41.62 billion) for the ‌April-June period, compared with 9.2 ‌trillion ‌won a year earlier. That ‌compared with a ​64 trillion won forecast ⁠by LSEG SmartEstimate, which is weighted to