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SK Hynix released its Q2 financial report today, showing a significant year-on-year revenue increase of 256% and a staggering surge in net profit by 1242%. However, these impressive results did not drive up the stock price; instead, it plummeted by as much as 17%. The divergence between performance and stock price, in addition to being influenced by leverage factors in the South Korean stock market, has raised concerns in the market about the sustainability of SK Hynix's profitability. Currently, SK Hynix, along with Samsung and Micron—the three major players in the memory and flash storage industry—have all seen their profits grow more than tenfold, primarily benefiting from the price increases in memory and flash storage driven by AI demand.
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