Nvidia supplier SK Hynix's Q1 profit rises five-fold to a record high on AI boom (opens in new tab)

South Korea's SK Hynix posted a more than five-fold jump in first-quarter operating profit to a record high on Thursday, as the artificial intelligence boom drove strong ‌demand for both advanced and conventional memory chip products. The strong results underscore continued momentum in the global memory ‌chip market, as demand from Big Tech companies to build AI data centres has constrained chip supplies and pushed up prices of both high-end and commodity ​memory chips. "As AI evolves from la...