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SK Hynix surges 12% after Micron earnings; blockbuster Nasdaq listing

South Korean chipmaker SK Hynix is seeking a Nasdaq listing to fund AI memory expansion. The company aims to raise up to $29.4 billion. Shares rose significantly following this announcement and strong earnings from Micron.

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What changed

SK Hynix announced a blockbuster US listing and saw a double-digit stock surge.

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  1. SK Hynix Plans $29 Billion Nasdaq Listing as Shares Surge

    South Korean chipmaker SK Hynix is seeking a Nasdaq listing to fund AI memory expansion. The company aims to raise up to $29.4 billion. Shares rose significantly following this announcement and strong earnings from Micron.

    What's confirmed:

    • SK Hynix is planning a Nasdaq listing.
    • The company targets raising up to $29.4 billion through the listing.
    • SK Hynix shares surged on Thursday.
    • The company is expanding AI memory.

    Still unconfirmed:

    • SK Hynix stock rocketed 13% on Micron earnings and the Nasdaq announcement.
    • SK Hynix shares surged 12% on Thursday.
    • SK Hynix shares surged more than 11% on Thursday.
    • Micron reported a 346% sales jump.
    • SK Hynix shares have risen over 800% in a year.
    confidence 90%