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Memory chip maker SK Hynix says quarterly revenue rose 328%, beating forecasts

CNBC reports that SK Hynix's third-quarter revenue rose 328% from a year earlier to about $78.8 billion, above estimates of about $74.07 billion. Operating profit rose 632% to about $62.76 billion, against estimates of about $57.78 billion.

Why it matters: SK Hynix makes memory used in AI servers. Its results show how much is being spent on AI hardware, which has also pushed up memory prices for PCs.
Reported earningsTechmeme