AI memory is now sold out through 2029 | The 8:30
SK Hynix posted a record quarterly operating profit and told the market that conventional and high bandwidth memory are sold out through 2029, with shortages expected to persist into 2030. Jake Conley reads the numbers, and Julie Hyman explains why that matters more than the beat. Memory has always been the most commoditized corner of semiconductors, a business that overbuilds and then collapses, and what is changing now is visibility rather than demand: these companies are signing multi-year contracts and can see further ahead than they ever have. Pras Subramanian points out the stock is still down 24% on the month.
Featuring
Julie Hyman, Host, Yahoo Finance
Jake Conley, Breaking Business News Reporter, Yahoo Finance
Pras Subramanian, Senior Autos Reporter, Yahoo Finance
Watch the full episode of The 8:30: https://youtu.be/JzwHTowq4GQ
Timestamps
0:00 Memory is sold out through 2029
1:25 The stock is still down 24% on the month
2:30 Why memory was always a boom and bust business
3:32 The memory ETF is down 37% from its June high
4:50 Compute demand that cannot be satiated
#SKHynix #MemoryChips #AIChips #The830 #YahooFinance
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