SK Hynix debuts on Nasdaq with $26.5 billion IPO, shares jump 17%

Corporate ActionIndustry Impact 4
โดย Motley Fool·Read original
Summary · why it matters

SK Hynix raised $26.5 billion in the largest-ever U.S. IPO by a foreign company, with its American Depositary Receipts opening at $170 and climbing to $175, a 17% gain above the $149 offering price. The South Korean memory chip maker, which supplies high-bandwidth memory to Nvidia and other AI hardware firms, will join the Nasdaq Composite on Monday. Meta Platforms jumped 6% after Bank of America flagged that the company expects to build out AI computing capacity at roughly half the cost Wall Street had modeled, aided by in-house custom AI chips designed with Broadcom and manufactured by Taiwan Semiconductor Manufacturing later this year. The major U.S. stock indexes traded in a narrow range, with the Dow Jones Industrial Average up 0.2%, the S&P 500 adding 0.1%, and the Nasdaq Composite flat. Oil prices slipped despite Strait of Hormuz traffic running at just 13% of normal levels, as U.S.-Iran talks continue.

Impact on stocks 10

Artificial Intelligence▲ · 5 stocks
Meta Platforms Inc.
META
▲ PositiveCapitalrelevance

Bank of America flagged that Meta expects to build AI computing capacity at roughly half the cost Wall Street modeled, aided by in-house chips.

Broadcom Inc
AVGO
▲ PositiveDemandrelevance

Meta's custom AI chips designed with Broadcom will be manufactured later this year, boosting Broadcom's design revenue.

Semiconductors▲ · 3 stocks
SK Hynix Inc
000660
▲ PositiveCapitalrelevance

SK Hynix debuted on Nasdaq with $26.5B IPO and shares jumped 17% above offering price.

Financials▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks

Theme Impact 8

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