SK Hynix Profit Surges Sevenfold and Plans $45 Billion More for Shareholders

Summary

SK Hynix reported a stronger-than-expected seven-fold jump in profit and unveiled plans to return about $45 billion more to shareholders, a sign of the resilience of the AI infrastructure rollout that is driving chip demand. Traders were rotating back into tech stocks on renewed confidence that AI spending will pay off, ahead of results from Microsoft and Alphabet due after the close and a Federal Reserve decision on Wednesday that is widely expected to leave interest rates unchanged. Treasury yields edged higher ahead of the decision, while the dollar was little changed.

Timeline

1. Bloomberg

   28 Oct 2026, 11:19 UTCSource ↗

   Bloomberg reports that SK Hynix's profit surged a stronger-than-expected seven-fold and that the company unveiled plans to return about $45 billion more to shareholders.