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● Management tied the strong outlook to AI buildout demand.
● The rally began with SK hynix's record profit and shortage outlook.
● The chip rally was sparked by SK hynix's record profit.
● Microsoft Cloud revenue reached $63.9 billion.
● Revenue of $92.28 billion beat the roughly $90.6 billion expected.
● Shares were roughly flat during the regular session.
● Azure growth accelerated and beat expectations.
● SK hynix expects the memory shortage to last into 2030.
● The company expects the memory shortage to last into 2030.
● It slipped after hours in sympathy with Alphabet.
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