US Stock Market Moves | Storage Concept Stocks Rise Across the Board, SK Hynix (SKHY.US) Surges Nearly 10% After Earnings

智通财经APP reports that on Wednesday, U.S. storage concept stocks mostly rose, with SK Hynix (SKHY.US) surging nearly 10% after its earnings. The company’s Q3 revenue and operating profit exceeded expectations, and it plans a total annual shareholder return of 100 trillion KRW. SanDisk (SNDK.US) and Micron Technology (MU.US) both gained nearly 5%. On the news front, SK Hynix delivered a record-breaking third-quarter report and announced a shareholder return plan far above market expectations. The financial report shows that in the third quarter, the company’s revenue was 104.62 trillion KRW and operating profit was 83.33 trillion KRW, both setting a new single-quarter record. These numbers represent quarter-on-quarter increases of 32% and 38%, and year-on-year increases of 328% and 632%, respectively. The operating profit margin reached 79.7%.