Hermes, Intel, SK Hynix: Stocks in focus
Morning Brief anchors Madison Mills and Seana Smith break down three top trending tickers on Yahoo Finance.
Hermès (RMS.PA) reported third quarter sales growth of 11%, showing resilience despite the broader luxury market slowdown in China, which has impacted many of its competitors in the luxury sector.
Intel (INTC) secured a legal victory. The EU's top court ruled that regulators cannot reinstate a $1.1 billion fine for alleged anticompetitive practices. This decision concludes a lengthy legal battle that began in 2009.
SK hynix (000660.KS) delivered strong third quarter results, posting record revenue and profit figures driven by robust demand for its high-bandwidth memory chips. The company, a key chip supplier for Nvidia, continues to benefit from the AI-driven semiconductor boom.
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This post was written by Angel Smith