South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as high-bandwidth memory (HBM) used in generative artificial intelligence chipsets.

Nvidia's market value dropped more than $500bn after the emergence of DeepSeek - a low-cost chatbot built by a Chinese AI firm.

Among the list of 100 leading global artificial intelligence (AI) corporations selected by the National Assembly, no South Korean corporations were included. The United States dominated with 59 corporations, while China ranked second with 10 corporations.

SK hynix Inc. reported financial results for 2024, with revenues surging 102% to 66.19 trillion won ($46.34 billion), driven by explosive demand for artificial intelligence memory products.

The company said supply will remain tight for high-performance chips, but demand declines will accelerate for legacy products.

Wall Street is tumbling on fears the big U.S. companies that have feasted on the artificial-intelligence frenzy are under threat from a competitor in China. The S&P 500 fell 1.6%

Nvidia addressed the concern regarding the potential melting of the graphics card power supply interface that previously affected some models. The company provided information during the 2025 NVIDIA RTX AI Day event held in Seoul,

NASDAQ, S&P, and Dow Industrials, all key major US markets players, were in green, showing an upward trend on Tuesday, a positive outcome in comparison to Monday's red strike.

U.S. President Donald Trump plans to impose tariffs on imported computer chips, pharmaceuticals and steel, he said on Monday, to push companies to manufacture more in the United States.

Property crisis is leaving Britons with fewer children than they want – and the economy needs

South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as high-bandwidth memory (HBM) used in generative artificial intelligence chipsets,

World shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Germany’s DAX gained