T Morning Brief | Google and Amazon Plunge After Q3 Earnings; Zhiyuan H1 Revenue Nearly 2 Billion Yuan; SK Hynix and Moore Threads Q3 Revenue Surge
SK Hynix's quarterly revenue exceeded 100 trillion won for the first time in Q3, with operating profit up more than sixfold year-on-year, and it locked in over half of its 2027-2028 capacity through long-term contracts; domestic GPU maker Moore Threads posted Q3 revenue of 1.552 billion yuan, up 1,773.92% year-on-year, with net profit attributable to shareholders of 49.2604 million yuan, turning profitable year-on-year. Google's parent company saw its stock plunge 12% on the first trading day after releasing earnings, wiping out nearly $490 billion in market value.
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T Morning Brief | Google and Amazon Plunge After Q3 Earnings; Zhiyuan H1 Revenue Nearly 2 Billion Yuan; SK Hynix and Moore Threads Q3 Revenue Surge
2026-10-30 08:50:13 Source: Caixin.com Author: Yang Zirui Responsible Editor: Qu Yunxu
October 30, 2026 08:50
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On October 29, the first trading day after Google's parent company released its earnings, its stock plunged 12%, wiping out nearly $490 billion in market value. Image: Visual China
[Caixin.com]
According to Caixin.com, AI computing demand has translated into chipmakers' results. In Q3, South Korean memory giant SK Hynix (KRX:000660; NASDAQ:SKHY) saw quarterly revenue exceed 100 trillion won for the first time, with operating profit up more than sixfold year-on-year, and locked in more than half of its 2027-2028 capacity in advance through long-term contracts. Domestic GPU maker Moore Threads' Q3 results met company expectations. In Q3 it achieved operating revenue of 1.552 billion yuan, up 1,773.92% year-on-year, a single-quarter record; net profit attributable to shareholders was 49.2604 million yuan, and net profit after non-recurring items was 20.0724 million yuan, with both profit measures turning profitable year-on-year.
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