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Fortune

Technology

Jason Ma

After a nearly 800% explosion, this AI stock's U.S. debut could signal if the market can still boom—or is headed for a bust

SK Hynix United States Nasdaq SpaceX South Korea

(Credit: SeongJoon Cho/Bloomberg via Getty Images)

South Korean chipmaker SK Hynix isn’t one of the Magnificent 7 stocks but is in a class of its own after pulling off a stunning rally on the back of the AI boom, and it’s about to land on U.S. markets.

Shares will list on the Nasdaq and are expected to start trading on Friday, raising about $29 billion in what could be the biggest-ever first-time share sale by a foreign company.

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