SK Hynix eyes $29B US stock offering

SK Hynix is planning a $29 billion US stock offering to capitalize on growing AI semiconductor demand. The company has outperformed rivals like Samsung and Micron, which recently reported a 15-fold profit increase. Meanwhile, OpenAI and SpaceX are also entering the chip market, but investors remain anxious due to market volatility, as seen in SK Hynix's fluctuating share price and Elon Musk's net worth dropping $240 billion after SpaceX's IPO.