SK hynix IPO falls below opening price on day one, outpacing SpaceX’s correction

Price Action

โดย 24/7 Wall St.·Read original

Summary · why it matters

SK hynix shares fell below their $170 opening price on the first day of trading, a correction that took SpaceX nearly a month to match after its own IPO. The stock peaked at $177 before closing its debut session at $168 and has since slipped near $160, while SpaceX trades just below $140 after pricing at $135 and opening at $150. Both post-IPO declines stem from valuation inflation rather than business weakness, as SK hynix dominates the high-bandwidth memory market with AI-driven demand still outpacing supply. Industry forecasts project hyperscalers will spend $1.8 trillion on AI infrastructure across 2026 and 2027, sustaining near-record HBM pricing despite slowing price growth. The investment case remains compelling, but the initial hype priced in years of optimistic growth that fundamentals have yet to justify.