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When a 1,200 percent profit boost isn’t good enough.
Poor SK Hynix. Despite the memory-chip maker posting record net profit of about $64.64 billion, the stock fell by as much as 18 percent (down 9 percent at market close) when its revenue haul (also a record) failed to meet the lofty expectations set by the AI hype cycle. The results won’t help investors worried that the AI bubble’s about to pop.
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