SEOUL (Reuters) -South Korea's SK Hynix ( HXSCF ) posted on Thursday its highest quarterly profit since 2018 as the Nvidia ( NVDA ) supplier sees explosive sales of its advanced DRAM chips such as high bandwidth memory (HBM) used in generative AI chipsets.

SK Hynix ( HXSCF ) is benefiting the most among memory chip peers from AI-driven appetite for high-end chips such as HBM and solid-state drives (SSDs) following its early entry and large investments in the segments.

The world's second-biggest memory chipmaker reported a 5.47 trillion won ($3.96 billion) operating profit for the April-June quarter versus a loss of 2.9 trillion won a year earlier.

It was in line with expectations for a 5.4 trillion won operating profit from LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate.

Revenue rose 125% on-year to 16.4 trillion won.

($1 = 1,380.3400 won)