SK Hynix posts record quarter as AI memory demand outruns supply through 2030
South Korean memory maker says DRAM and HBM are sold out through 2029, even as Citadel's founder warns of an AI bubble
SK Hynix reported record third-quarter results, with revenue of 104.6 trillion won (almost $78 billion), up 328% from a year earlier, and operating profit of 83.3 trillion won ($65.5 billion), up 632%, as demand for memory chips used in AI systems overwhelms supply and the company says its production through 2029 is effectively sold out.