AI Investment Boom Faces Key Test: SK Hynix’s U.S. Listing Could Be a Major Bellwether

Odaily News South Korean memory chip giant SK Hynix is set to list on the Nasdaq this Friday, becoming another highly anticipated large-cap tech company to go public in the U.S. following SpaceX. SK Hynix plans to raise approximately $28 billion through an American Depositary Receipt (ADR) offering. As a key supplier to Nvidia, SK Hynix primarily produces High Bandwidth Memory (HBM), DRAM, and NAND flash products, and its business is benefiting from the growing demand for storage driven by the expansion of AI infrastructure.

Market analysts believe that SK Hynix's U.S. listing will serve as a critical test of investor appetite for the next wave of AI tech IPOs. Over the past 12 months, its Korean-listed shares have risen approximately 770%, outperforming the roughly 700% gain seen by competitor Micron Technology over the same period. SK Hynix's listing reflects that the investment fever in the AI supply chain is spreading from large models and computing chips to storage and semiconductor components. The market expects the second half of 2026 to usher in a wave of IPOs from more major AI and technology companies. (Fortune)