SK Hynix reached a market value of over $1 trillion for the first time, joining Samsung Electronics and Micron Technology in an AI-driven rally. Strong demand for high-end memory chips used in AI has boosted prices and profits for these semiconductor giants, with memory chip prices doubling in the first quarter.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires