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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSK Hynix stock: Today's correction is a 'buying opportunity,' analyst saysSanjeev Rana, CLSA head of Korea research, says the Nvidia supplier's stock "is taking a big hit today. I don't think this is related to results," adding that the company's "sequential earnings growth should be very strong" in the coming quarters.
Persons: Sanjeev Rana, CLSA Organizations: SK Hynix, Nvidia Locations: Korea
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSamsung is likely to see 'very strong' improvement in earnings, analyst saysSanjeev Rana, head of Korea research at CLSA, discusses the launch of Samsung's Galaxy S24 smartphones, which come with artificial intelligence functions. He says "we're quite optimistic on Samsung's earnings turnaround this year," adding that it has "significant upside."
Persons: Sanjeev Rana Organizations: Samsung, Samsung's Locations: Korea
In this article .FKRX300 Follow your favorite stocks CREATE FREE ACCOUNTwatch nowSouth Korean chipmaker SK Hynix has reported a record quarterly operating loss of 3.4 trillion won ($2.54 billion) for the first quarter of the year. This is a reversal from the 2.84 trillion won operating profit in the same period last year, and a larger loss from the the 1.89 trillion won operating loss the previous quarter. Employees stand in front of the SK Hynix Inc. logo displayed at the company's office in Seongnam, South Korea, on Monday, July 24, 2017. Shares of SK Hynix were higher by 1.75% in afternoon trade after surging as much as 3.5% earlier Wednesday. "We expect revenues to rebound in the second quarter after bottoming out in the first, driven by a gradual increase in sales volume," SK Hynix also said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSecond quarter will probably be bottom of earnings for SK Hynix, analyst saysSanjeev Rana of CLSA says demand for memory chips has been 'very weak,' but it expects a gradual recovery in the second half of the year.
Hong Kong/Seoul CNN —South Korea says it will build an enormous facility to make computer chips in the greater Seoul area, with about $230 billion in investment from memory chip giant Samsung Electronics. “We will build the world’s largest new ‘high-tech system semiconductor cluster’ in the Seoul Metropolitan area based on large-scale private investment of almost 300 trillion Korean won,” he said. An aerial view of Samsung Electronics' chip production plant at Pyeongtaek, South Korea on September 7, 2022. The vast majority of the world’s advanced microchips are made in just two places, Taiwan and South Korea. Taiwan’s industry is larger and more dominant, something South Korea is keen to challenge.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSamsung Electronics may cut production in the coming months, analyst saysSanjeev Rana of CLSA says it expects global capital expenditure for memory chips to decline by almost 50%.
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