Stock Track | CSOP SK Hynix Leveraged ETF Soars 5.86% at Open on SK Hynix's AI-Driven Earnings Boom

Stock Track09:33

The CSOP SK Hynix Daily (2x) Leveraged Product surged 5.86% at open on Tuesday, continuing its strong year-to-date performance.

The rally is directly linked to the exceptional first-quarter earnings report from its underlying asset, SK Hynix. The South Korean memory chip manufacturer announced a net profit of approximately 40 trillion KRW, representing a staggering year-over-year increase of about 500%, significantly surpassing market forecasts. Revenue for the quarter reached 52.58 trillion KRW.

SK Hynix attributed this explosive growth to soaring demand for high-performance memory from the artificial intelligence computing sector. Shipments of its advanced HBM3e and HBM4 memory products jumped 120% compared to the previous quarter. The company also provided a positive outlook, forecasting continued increases in DRAM prices for the second quarter, supported by critically low inventory levels.

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