South Korean semiconductor manufacturer SK Hynix has made its U.S. stock market debut on the Nasdaq, raising about $26.5 billion through the sale of American depositary shares priced at $149 each.
According to the report, investor enthusiasm surrounding artificial intelligence has fueled a sharp rise in demand for memory chips, helping drive the company's stock up 634 percent over the past year.
According to the report, investor sentiment was also influenced by renewed geopolitical tensions after President Donald Trump declared the U.S.-Iran ceasefire over following reported airstrikes in Iran.
Market participants are now looking ahead to a busy earnings week, with major U.S. banks including Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs, and Wells Fargo set to report quarterly results.
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U.S. investors are getting a new way to buy into the memory boom.
— CNBC (@CNBC) July 9, 2026
SK Hynix, the second most valuable company in South Korea, behind only Samsung, is slated to begin trading on the Nasdaq on Friday. The market debut, coinciding with the company’s hefty expansion plans for the… pic.twitter.com/2gXzw3ju6H
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