SK Hynix reports Q2 revenue down 47% YoY to ~$5.7B, beating an average projection of ~$4.7B, and a ~$2.3B operating loss, in line with expectations (Bloomberg)

Bloomberg:
SK Hynix reports Q2 revenue down 47% YoY to ~$5.7B, beating an average projection of ~$4.7B, and a ~$2.3B operating loss, in line with expectations  —  – AI boosting high-end chip sales, but overall demand still soft  — Hynix gearing up to expand output of high-capacity DRAM