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The Economic Times
The Economic Times
Technology

SK Hynix set for marquee US debut in test for AI appetite

SK Hynix Hynix United States Memory Micron South Korea

SK Hynix's U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors' belief in ​the durability of the AI boom, coming after ​a recent pullback in semiconductor stocks.

Chip stocks have lost some momentum in recent weeks after a stellar run, ​partly due to investor concerns about slower AI spending. SK Hynix shares have dropped a quarter from their record high hit two weeks ago. Even so, the company's stock is 650% higher than a year ago.

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