🟢 SK Hynix is trading 8.58% up today as Super Micro's revenue beat eases AI-profitability concerns

SK Hynix is trading at $1025.00, up +8.58%, amid a broader Korean chip-stock rebound after Super Micro Computer’s preliminary quarterly revenue beat eased concerns about AI investment profitability.

• Super Micro Computer’s preliminary quarterly revenue was $19 billion, above expectations of $15 billion.
• Reports also cited foreign buying and bargain-hunting after the prior selloff; Samsung and other semiconductor shares advanced on October 21.
• The previous session ended October 20.