SK Hynix announced on Wednesday that, driven by the continued expansion of artificial intelligence infrastructure and rising demand for memory chips and other products, the company’s second-quarter operating profit grew 557% year-over-year to 60.54 trillion won (approximately $41.6 billion), but fell short of analysts’ average forecast of 63.55 trillion won. The earnings report caused concern among some investors, and after the announcement, SK Hynix’s stock price fell nearly 12%. The previous

SK Hynix stated on Wednesday that due to the continued expansion of artificial intelligence infrastructure driving demand for memory chips and other products, the company's operating profit in the second quarter rose by 557% year-on-year to 6.054 trillion won (approximately $4.16 billion), but this was below the average analyst forecast of 6.355 trillion won. Its financial results caused some investors to feel uneasy, and after the earnings release, SK Hynix's share price plunged nearly 12%. The previous day, the stock had dropped 14.7%. Recently, SK Hynix’s share price has fallen sharply, after reaching a historical high in June. However, as concerns grow among investors about the risk of excessive buying, the cyclical nature of the memory chip market, and the sustainability of the AI boom, SK Hynix’s share price has started to cool down.