BUSINESSFORTUNE
After a nearly 800% explosion, this AI supplier is about to make its U.S. debut and could signal if the market can still boom—or is headed for a bust
SK Hynix, a South Korean chipmaker and top supplier of high-bandwidth memory to Nvidia, is set to debut on the U.S. Nasdaq with a $29 billion IPO after its Korean-listed stock surged 770% in a year. The listing could signal market sentiment for AI-driven equities amid concerns about volatility and sustainability, as prior comments from SK Hynix triggered sharp declines in global stock indexes.
Mentioned
Related Signal
Adjacent reporting
- SK Hynix bets on AI demand with bumper $29bn US listing
- AI companies are barreling toward huge Wall Street debuts. A look at the biggest players
- Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami
- SK Hynix is targeting a U.S. stock market debut as early as August
- SK Hynix is planning a $29 billion Nasdaq listing that could break the all-time ADR record