SK Hynix seeks to attract more AI investors through US listing.

BlockBeats News, July 5—next week, SK Hynix’s $29 billion listing on the U.S. stock market could become the largest initial public offering ever by a foreign company, but it’s not only about raising capital. More importantly, it wants to compete in one of the hottest areas in the global stock market right now: memory chips for AI computing. Daniel Morgan, senior portfolio manager at Synovus Trust, which holds Micron shares, said the market is in a state of extreme frenzy over chip stocks, and this is a good time to get U.S. investors involved in your shares.

Zhou Di, portfolio manager at Thornburg Investment Management, which holds SK Hynix shares, said this offering is aimed at investors who currently can’t access the South Korean stock market. SK Hynix’s Nasdaq listing gives investors a direct, frictionless opportunity to take part in one of the most attractive pure-play targets in the AI memory cycle. (Jinshi)

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