SK Hynix plans its U.S. listing, joining other memory stocks in the AI boom. Existing winners may be sold to fund the newcomer.

Over the past 12 months, SK Hynix’s Korea-listed shares and Micron’s stock have gained about 700%.

South Korean chipmaker SK Hynix is making a massive $29 billion US stock market debut, aiming to boost its valuation and compete with rivals like Micron. This move taps into the…