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Memory maker SK hynix's profit rises 557% amid global shortage, expansion costs climb to $27 billion — shares slide despite mammoth earnings

SK hynix has reported second-quarter revenue of 79.32 trillion won, and operating profit of 60.54 trillion won, the latter up 557% year over year.

Source: Tom's Hardwarerss
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Memory maker SK hynix's profit rises 557% amid global shortage, expansion costs climb to $27 billion — shares slide despite mammoth earnings as expectations outpace reality and global AI selloffs continue
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