Nvidia supplier SK Hynix posts record Q3 profit, meets forecasts

SEOUL, Oct 29 (Reuters) – South Korea's SK Hynix posted on Wednesday a record quarterly profit, spurred by an AI boom that has driven up demand for both advanced chips and conventional products. The Nvidia supplier reported an 11.4 trillion won ($8.02 billion) operating profit for the July-September period versus 7 trillion won a year earlier. That compared with an 11.4 trillion won forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate. ($1 = 1,421.4800 won) (Reporting by Heekyong Yang, Hyunjoo Jin and Joyce Lee; Editing by Leslie Adler)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)