SK Hynix profits up 631% on AI wave, Meta raises $25 billion with demand five times oversubscribed

South Korean semiconductor maker SK Hynix reported a 631% increase in operating profit in the third quarter, a result that drove Asian tech stocks higher, particularly shares linked to artificial intelligence. The figure comes in a week in which several companies in the sector are confirming the scale of ongoing investments in the computing capacity needed for AI models.

On the capital-raising front, Meta’s $25 billion capital increase met demand equal to five times the offering, a sign of how willing investors remain to finance the expansion of infrastructure dedicated to artificial intelligence despite the growing size of the amounts requested by major technology companies.

In the same context comes a report by The Information, according to which OpenAI is reportedly planning to purchase Google Tpu processors to diversify its computing sources beyond Nvidia. The economic terms of any potential agreement have not been disclosed. It should be noted that the news currently comes from a single source (The Information); no independent confirmation is available at this time.

According to the same source, OpenAI has already been renting Google processors since June 2025 and remains one of Nvidia’s largest Gpu customers. The company is also reportedly developing its own proprietary chip with Broadcom, codenamed Jalapeno, with the goal of making it operational by the end of 2026. Still according to the same reports, Amazon, Microsoft and Alphabet plan to spend up to a combined $600 billion in 2026 on artificial intelligence infrastructure.

The picture that emerges combines verifiable corporate data — SK Hynix’s profit, Meta’s fundraising — with as yet unconfirmed reports about OpenAI’s procurement moves. The first two elements remain, for now, the solid data against which to measure the scale of ongoing investment in the sector.