// AI news · 2026-10-29 · CNBC
Jim Cramer Sees AI Stock Rally in SK Hynix Earnings
SK Hynix's strong earnings, driven by high demand and accelerating growth, support AI stock rallies despite market skepticism.
Published 2026-10-29 07:00 (Beijing time)Source CNBCAuto-summarised, fact-checked against source
01Summary
The company's production is nearly sold out through 2029, with strong margins and long-term customer agreements. Its low valuation and robust outlook signal sustained demand in AI data centers, offering a model for investor confidence.
Summarised from the original article by an open-source model, then checked automatically: every number and English name must appear in the source. The original article is authoritative.
02Key points
- SK Hynix reported 6% revenue growth and 85.7% gross margin
- Projected shipment growth of mid-20% this quarter, up from 10% last quarter
- Production nearly sold out through 2029 with long-term customer contracts
- Low valuation at 4x 2027 earnings reflects strong demand confidence
03Source
Jim Cramer sees major implications from SK Hynix's home-run quarter
CNBC · published 2026-10-29 07:00 Beijing time
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