SK Hynix's Nasdaq Debut Just Became the Largest U.S. Listing by a Foreign Company
Yahoo Finance ·
For the memory and storage boom driven by artificial intelligence (AI), investors have flooded into companies like Micron Technology and Sandisk . There's been, however, another successful operator in the space, but U.S. investors have largely been stuck on the sidelines, unable to own it. That company is SK Hynix , and it's been difficult to own because it has been trading on the Korean Exchange. There were some "workarounds," such as owning shares of the KraneShares Artificial Intelligence and Technology ETF , since SK Hynix is among its holdings, but that still wasn't a substitute for anyone who wanted a direct stake in SK Hynix. That all changed on July 10. SK Hynix raised $26.5 billion, making it the largest first-time listing for a foreign company in the U.S. With AI's insatiable demand for memory and storage, Micron and Sandisk have both been winners. As of this writing, Micron shares are up over 700% over the last year, and Sandisk shares are up more than 4,000%.
DYAX Investor Sentiment
Bullish (Long) 52% · Bearish (Short) 48%
356 participants
Related News
- 5 Top AI Stocks Investors Own on Robinhood
- Berkshire Hathaway (BRK.A) Is Making An $8.5 Billion Bet On Homes And AI
- Why Lumentum (LITE) Could Benefit From AI Optical Networking Demand as Co-Packaged Optics Adoption Accelerates
- Artificial Intelligence (AI) Stocks Have Crushed the Broader Market in 2026. Here Are 2 Top Stocks to Buy Before They Soar Higher This Earnings Season and Beyond
- Key deals this week: MGM, PERF, VRTX, and more
- Coca-Cola Is Crushing the S&P 500 and Nasdaq-100. But There's an Even Better Reason to Buy the Stock in July.