$000660.KS Who? SK Hynix Is the AI Memory Play Everyone's Sleeping On — and It Just Posted a 5x Profit Jump
SK Hynix's monster quarter and Tesla's stunning free cash flow reversal are dominating social sentiment this week — here's what the data actually says
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Let's talk about two earnings beats that broke the internet this week. $MU's Korean cousin SK Hynix reported a five-fold jump in quarterly profit, blowing past the already-hefty 50 trillion KRW analyst estimate — all thanks to AI-related memory demand and rising long-term contract prices. Bloomberg's coverage was wall-to-wall, and Reddit's semiconductor subs are currently having a collective moment of "wait, should I have owned memory stocks this whole time?" (Yes. The answer was yes.)
Meanwhile, $TSLA staged what might be the comeback quarter of 2026. Adjusted EPS of $0.41 vs. a $0.34 estimate, gross margins of 21.1% vs. a 17.7% forecast, and — the real jaw-dropper — free cash flow of positive $1.44 billion against a consensus of negative $1.86 billion. That's a $3.3 billion swing versus expectations. Robotaxi launches in Dallas and Houston, Optimus production lines going in at Fremont, and FSD approval in the Netherlands opening Europe. X is losing its mind. CNBC ran four segments. Cramer is probably kicking himself.
The AI infrastructure trade has officially metastasized from GPUs into memory, power, and apparently humanoid robots — and the social sentiment data suggests the crowd is only just starting to catch up.