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Wajeeh Khan

SKHY Stock Pops as SK Hynix Scraps Solidigm's U.S. IPO

SK Hynix Solidigm SKHY IPO United States Artificial Intelligence Barchart

SK Hynix (SKHY) shares are extending gains on Friday after the memory chipmaker halted plans to list Solidigm separately. While investors welcomed the removal of a contentious fundraising proposal, SK Hynix confirmed that Solidigm’s expansion remains a priority, with alternative financing under consideration.

Despite today’s rally, SK Hynix stock is down more than 30% versus its year-to-date high.

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