SK Hynix just pulled off one of the most impressive stock market debuts in recent memory. The South Korean memory chip giant’s American depositary receipts climbed roughly 13% on their first day of trading on the Nasdaq, riding a wave of enthusiasm for anything touching AI infrastructure.
The listing raised $26.5 billion, landing it as the second-largest share sale in US history, trailing only SpaceX.
The AI chip kingmaker goes public in the US
SK Hynix priced its ADRs at $149 each, with 10 ADRs representing one share traded on the Seoul exchange. The market’s response was immediate and emphatic, with shares jumping 12.8% to 13% on July 10, 2026.
The company controls approximately 60% of the global high-bandwidth memory market by revenue. It makes the specialized memory chips that companies like Nvidia need to power their AI processors.
