[Breaking] SK hynix: “Customers’ AI investments are translating into results, and AI demand will continue”

[Financial News] SK hynix said on the 28th, explaining the basis for its view that AI demand would be sustainable, that “customers’ AI investments are leading to greater use of AI services in practice and translating into business results.”
SK hynix said during that day’s third-quarter earnings conference call that “major hyperscaler customers recently reported in their earnings announcements that cloud revenue grew by around 30% to 80% year over year, and we believe a substantial portion of that growth is attributable to the expansion of AI businesses.”
It added, “Paid users of AI services are also steadily increasing, and growth in major customers’ AI-related revenue and financial performance is being seen on multiple fronts. Given this trend, revenue from large customers’ AI businesses and their cash flow will continue to improve.”
SK hynix said, “We expect AI investment and demand to remain sufficiently strong, supported by actual business results and a diversification of investors,” and forecast that “the memory market will also continue to face a structural supply-demand imbalance in which demand far exceeds supply for the time being.”


[email protected] Kim Hak-jae, Lim Su-bin Reporter