Nvidia supplier SK Hynix posts record Q3 profit, beats forecasts

SEOUL, Oct 24 (Reuters) - South Korea's SK Hynix (000660.KS), opens new tab on Thursday posted a record quarterly profit as the Nvidia (NVDA.O), opens new tab supplier saw strong sales of its advanced chips such as high bandwidth memory (HBM) ones used in generative AI chipsets.

The world's second-biggest memory chipmaker reported a 7 trillion won ($5.07 billion) operating profit for the July-September quarter versus a 1.8 trillion won loss a year earlier.

That compared with a 6.8 trillion won average forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate.

SK Hynix has outperformed rivals Samsung Electronics (005930.KS), opens new tab and Micron Technology (MU.O), opens new t...
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