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The Economic Times
The Economic Times

SK Hynix shares jump in marquee US debut as AI euphoria persists

SK Hynix Hynix United States Nasdaq Memory Chey Taewon Micron

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 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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