The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji
SEOUL (Reuters) -SK Hynix's quarterly profit more than doubled on strong AI chip sales and stockpiling ahead of potential U.S. tariffs, but it warned that macroeconomic uncertainties could create demand volatility in the second half of the year.
The Nvidia supplier reported on Thursday a 7.4 trillion won ($5.19 billion) operating profit for the first quarter ended March, versus 2.9 trillion won a year earlier. That topped a 6.6 trillion won average forecast by LSEG SmartEstimate, which is weighted toward the more consistently accurate analysts.
