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#SKhynixQ3HBM4Earnings Many people previously said that the mass production of HBM4 was a case of good news fully priced in, but SK Hynix just started small-batch deliveries in Q2, posting a quarterly profit of over 60 trillion KRW with a profit margin of 76%. This hardly looks like good news has been fully priced in; clearly, a new profit cycle is just beginning. Now in Q3, HBM4 capacity is officially ramping up, and contract prices for regular DRAM are still rising. Both sides' performance
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