U.S. Stocks in Motion | Memory chip stocks broadly rise; SK Hynix (SKHY.US) surges nearly 10% after earnings.

Zhitong Finance APP has learned that on Wednesday, U.S. memory chip concept stocks rose broadly. SK Hynix (SKHY.US) surged nearly 10% after earnings, as the company's Q3 revenue and operating profit beat expectations, and it plans a total shareholder return scale of 100 trillion won for the full year; SanDisk (SNDK.US) and Micron Technology (MU.US) both rose nearly 5%. On the news front, SK Hynix delivered a record-breaking third-quarter report and simultaneously unveiled a shareholder return plan far exceeding market expectations. The financial report shows that third-quarter revenue was 104.62 trillion won and operating profit was 83.33 trillion won, both the highest for a single quarter in history, up 32% and 38% quarter-over-quarter, respectively, and up 328% and 632% year-over-year. The operating margin was 79.7%.