Wall Street: SK Hynix versiebenfacht Gewinn, KI-Boom bleibt auf Kurs
Der Umsatz des Speicherchipherstellers ist um 328 Prozent gestiegen. Die Wall Street freut sich und wartet gleichzeitig auf die Fed-Entscheidung am Abend.
On Wall Street, the market started positively ahead of the Federal Reserve meeting, buoyed by a noticeable recovery in the AI sector. At 7:00 PM our time, the Federal Reserve announced their decision on interest rates, which is not expected to be an increase. Instead, the focus is on whether Fed Chair Kevin Warsh will signal a potential move in December.
Meanwhile, the demand for AI remains robust. SK Hynix reported a staggering sales increase of 328 percent, with operational profit more than sevenfold. The management expects demand for memory chips to outpace supply until 2030. Vertiv also delivered strong results with a 61 percent sales growth and higher forecasts, signaling significant data center expansion.
Similarly, GE Vernova increased orders organically by 96 percent to reach $29 billion. Additionally, Google is gaining market share in the chip business as OpenAI plans to purchase Google's TPUs, further reducing dependence on Nvidia. However, oil prices remain a concern, with Brent climbing to around $111, after reports of possible new U.S. and Israeli attacks on Iran following the midterm elections.
Later tonight, Microsoft and Alphabet will release two of the most significant AI numbers of the entire reporting season.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
