Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

SK Hynix Taps US Markets for $29 Billion Amid AI Chip Frenzy

Source Beincrypto

SK Hynix will launch its roughly $29 billion Nasdaq listing this week, tapping US markets amid the artificial intelligence (AI) boom.

The listing is expected to rank as the biggest-ever first-time US share sale by a foreign company. The chipmaker will sell 17.79 million new shares, with trading expected to start Friday.

Why the SK Hynix Nasdaq Listing Breaks Records

Each SK Hynix common share will be represented by 10 American depositary receipts, Reuters reported. Management will meet global investors on a roadshow this week. SK Hynix will fix the New York listing’s price on Thursday, with the shares set to begin trading the following day, Friday.

The deal could rank as the second-biggest share sale in history. Only SpaceX’s record IPO, which raised $85.7 billion last month, stands above it. The offering also surpasses Saudi Aramco’s $25.6 billion IPO in 2019.

Bloomberg noted that the listing is about more than cash. SK Hynix has long traded at a discount to US-based rival Micron Technology. The latest move could change that.

Trading on the Nasdaq gives the chipmaker direct access to the world’s deepest equity market. It also places SK Hynix inside the AI trade that currently drives the S&P 500’s performance.

AI Boom Powers a 700% SK Hynix Rally

SK Hynix supplies high-bandwidth memory chips to AI customers, including Nvidia and Google. That position has made it one of the biggest winners of the AI buildout, outperforming Samsung Electronics and Micron.

The company’s Korea-listed stock has climbed more than 700% over the past year. Last month, the chipmaker briefly surpassed Samsung in valuation for the first time since 2000.

SK Hynix Stock Performance. Source: Google Finance

Thursday’s pricing will show how much US investors will pay for exposure to the AI memory trade. Whether Friday’s debut finally closes the valuation gap with Micron may become clear in the first trading sessions.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

What to Expect From Solana (SOL) in July 2026 SOL trades near $77 after a 16% weekly bounce, yet it remains about 74% below its record high. On-chain activity is climbing toward yearly highs as the price attempts to bottom.The contrast sets up a

Author Beincrypto

Jul 02, Thu

SOL trades near $77 after a 16% weekly bounce, yet it remains about 74% below its record high. On-chain activity is climbing toward yearly highs as the price attempts to bottom.The contrast sets up a

Nvidia’s New Way to Profit From the AI Boom: Will Startups Pay Up?Nvidia (NVDA) will let AI startups use its chips now and pay with a share of future revenue.The company detailed the revenue-sharing program in a July 1 blog post. The move casts Nvidia as a financier

Author Beincrypto

4 hours ago

Nvidia (NVDA) will let AI startups use its chips now and pay with a share of future revenue.The company detailed the revenue-sharing program in a July 1 blog post. The move casts Nvidia as a financier

Bitcoin Options Turn Call-Heavy Before July 8 FOMC Minutes: Will BTC Break $63,000?Bitcoin (BTC) options expiring July 8 have turned call-heavy, with traders positioning for higher prices. The expiry lands the same day the Federal Reserve releases minutes from its June meeting.Call

Author Beincrypto

4 hours ago

Bitcoin (BTC) options expiring July 8 have turned call-heavy, with traders positioning for higher prices. The expiry lands the same day the Federal Reserve releases minutes from its June meeting.Call

Bitcoin Price Spikes Near $64,000 as Short Sellers Get Liquidated Bitcoin (BTC) spiked to nearly $64,000 in the early hours of July 6, reaching $63,900 on CoinGecko, extending a weekend rally that liquidated hundreds of millions of dollars in short positions.The mov

Author Beincrypto

4 hours ago

Bitcoin (BTC) spiked to nearly $64,000 in the early hours of July 6, reaching $63,900 on CoinGecko, extending a weekend rally that liquidated hundreds of millions of dollars in short positions.The mov

Micron goes all in on AI with $9.3B Japan chip plant Micron Technology broke ground on a new plant to manufacture memory chips in western Japan. This $9.3-billion facility represents an enormous commitment by Micron to grow its ability to deliver semiconductors for AI. The new facility will enable Micron to provide large amounts of high-bandwidth memory (HBM), a key part of training and operating AI...

Author Cryptopolitan

4 hours ago

Micron Technology broke ground on a new plant to manufacture memory chips in western Japan. This $9.3-billion facility represents an enormous commitment by Micron to grow its ability to deliver semiconductors for AI. The new facility will enable Micron to provide large amounts of high-bandwidth memory (HBM), a key part of training and operating AI...

Popular Symbols