[SK Hynix Earnings Miss Expectations, U.S. Stock Closes Down About 9%, Drops Another 9% After Hours] BlockBeats News, July 29, according to BIT (bit.com) market data, SK Hynix (SKHY.O) released its earnings report. Driven by tech giants increasing investments in AI data centers, leading to strong demand for advanced memory chips, the company's operating profit for the second quarter surged 557% to 60.5 trillion Korean won (approximately $41.62 billion), setting a new record. This compares to 9.2 trillion Korean won in the same period last year. However, this figure fell short of the market expectation of 64 trillion Korean won, primarily because its high-end memory chips (HBM) account for a higher proportion compared to competitors, which ironically prevented it from fully benefiting from the strong price surge cycle of conventional memory chips this time. This has heightened concerns that the AI boom driving the semiconductor industry may be slowing down. SK Hynix's revenue also missed expectations, with the earnings report showing second-quarter revenue of 79 trillion Korean won, compared to the market expectation of 84 trillion Korean won. Affected by the earnings report, SK Hynix's U.S. stock closed down 9% on Tuesday and dropped another 9% after hours. As of now, after-hours trading shows a decline of 2.74%, with the stock priced at $126.55.