Hynix's U.S. debut signals strong appetite for AI chip stocks

Hynix’s U.S. debut signals strong appetite for AI chip stocks as SK Hynix’s Nasdaq-listed shares jumped 14% on July 10 after the South Korean memory-chip maker completed a $26.5 billion share sale. The listing arrived after semiconductor stocks pulled back from a long rally tied to surging demand for AI infrastructure, with Hynix shares still about 25% below a recent record high. Even so, the stock remains roughly 630% higher than a year earlier, reflecting continued investor focus on AI-related hardware. The American Depositary Receipts opened at $170 versus a $149 offer price, with 10 ADRs representing one common share. Reuters reported the offering was more than seven times oversubscribed, and proceeds were set to fund new manufacturing facilities. The move also could help narrow Hynix’s valuation gap with Micron, though some analysts warn about oversupply risks in the AI chip supply chain.