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The Economic Times
The Economic Times

SK Hynix shares jump 14% in debut on US stock market riding on AI wave

SK Hynix Hynix United States Nasdaq Chey Taewon Micron South Korea

SK Hynix's U.S.-listed shares jumped 14% in their Nasdaq debut following its $26.5 billion share sale, the latest indication that investor enthusiasm for chip stocks remains intact despite their recent pullback from a dizzying rally. The stock ended 12.76% higher than its IPO price, to close at $168.01.

The South Korean chipmaker is the latest to ride a frenzy of investor interest in firms perceived as reaping big gains from the AI revolution that has spawned hundreds of billions of dollars in capital spending.

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