SK Hynix Stock Jumps After Record Q3 Earnings: What Investors Need to Know

The post SK Hynix Stock Jumps After Record Q3 Earnings: What Investors Need to Know appeared first on Coinpedia Fintech News

SK Hynix shares jumped around 8% in U.S. premarket on Wednesday after the South Korean chipmaker reported record quarterly earnings and forecast a prolonged memory shortage. Operating profit surged 632% year over year to 83.33 trillion won, beating analyst expectations, while revenue crossed 100 trillion won for the first time. The company also announced a …