SK Hynix reached a market capitalization of $1.12 trillion on May 27, 2026, closing up 9.3% after touching an intraday high of nearly 15%. Micron shares surged nearly 19-20% on May 26 after UBS raised its price target significantly. Year-to-date, Micron’s stock has climbed more than 240%. SK Hynix shares have risen over 215% in the same period. Even Samsung posted gains between 149% and 165%. The KOSPI hit record levels as investors piled into anything connected to artificial intelligence infrastructure.
Every major tech company on the planet is racing to build out AI infrastructure, and all of it requires massive amounts of high-bandwidth memory. Multiple analysts have pointed to sustained memory chip demand exceeding available supply well into 2028.
SK Hynix doubles down with a $29.4 billion raise
In late June 2026, SK Hynix disclosed plans to raise approximately $29.4 billion through a Nasdaq American Depository Receipts listing. The capital is earmarked for expanding fabrication capacity dedicated to AI semiconductor production. SK Hynix shares jumped 11% on the announcement alone.
The ADR listing opens the door to significant foreign investment. US-based institutional investors who previously had limited exposure to SK Hynix through Korean exchange listings will now have a direct, liquid way to buy in.
