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SK Hynix Surges on Record Q3 Results and AI-Memory Demand

Original: Stock Market Today, Oct. 28: SK Hynix Surges on Record Q3 Results and AI-Memory Demand

SK Hynix shares surged on October 28 after the company reported record third-quarter results, driven by booming demand for its memory chips used in artificial intelligence systems. The strong earnings added momentum to global markets' AI trade, reinforcing optimism around semiconductor suppliers tied to the data-center buildout.

Why now: The company posted record quarterly earnings as AI chip demand keeps lifting semiconductor stocks.

SK Hynix

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