SK Hynix profit soars five-fold on AI chip demand, eyes US ADR listing

SK Hynix’s quarterly profit surged roughly five-fold on AI chip demand that continues to outstrip supply, and the Polymarket contract on NVIDIA becoming the largest company by market cap by June 30 sits at 90.5% YES.

SK Hynix is a primary supplier of the high-bandwidth memory used in NVIDIA’s GPUs, so its capacity constraints and expansion plans feed directly into NVIDIA’s production outlook. The NVIDIA market cap contract has held steady at 90.5% YES over the past week, suggesting traders see little near-term risk to NVIDIA’s position even with global tensions and supply bottlenecks.

Daily trading volume on the contract is $9,609 in USDC. The order book requires $48,757 to move the price by 5 points, indicating meaningful liquidity on both sides. SK Hynix is also planning a major U.S. ADR listing tied to capacity expansion, which would add structural supply for AI memory chips and reinforce NVIDIA’s ability to meet GPU demand.

For traders, the math at current prices is straightforward. A YES share at 90.5¢ pays $1, a 1.11x return. The bet depends on NVIDIA holding its lead over Apple and Microsoft through the end of June, with SK Hynix’s supply capacity as one supporting factor.

NVIDIA’s Q2 earnings, particularly AI and data center revenue figures, are the next major catalyst that could shift this contract. Any shortfall in those numbers or a surprise from a competitor would pressure the YES side.

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