The South Korean memory-chip maker reported record quarterly and annual results after stronger-than-expected earnings for the final quarter of 2024 on robust chip demand.

SK Hynix Inc. reported a record quarterly profit after the company extended its lead in advanced memory chips for datacenters and artificial intelligence development.

SK Hynix Inc (KS:000660), a key Nvidia supplier, reported a record fourth-quarter operating profit, soaring 2,236% to 8.08 trillion won ($5.64 billion), slightly exceeding Reuters forecast of 8 trillion won.

Now that it's the world's most valuable company, some investors might believe the time to buy Nvidia has already passed, but these developments show that's not the case. Furthermore, the stock is currently selling for just 32 times next year's expected sales, a remarkably attractive price for a company with so much opportunity.

Nvidia stock rose early Wednesday after President Donald Trump sent another signal to markets that artificial intelligence would be a priority under his new administration. The absence of Nvidia CEO Jensen Huang at the inauguration Monday stuck out as Big Tech CEOs thronged to the event.

Nvidia’s RTX 5090 and RTX 5080 are set to release later this month, and there’s no doubt that they’ll end up being some of the of the year. Unfortunately, it also seems that they might be hard to come by,

Two of Nvidia’s GeForce RTX 50 series GPUs go on sale at the end of the month, and rumblings about inflated prices and limited availability are already surfacing. At this point, Nvidia hasn’t confirmed any issues with supply,