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

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Golden Finance reported that on July 5, SK Hynix’s $29 billion listing on the U.S. stock market next week could become the largest initial public offering by a foreign company in history, but this is not only about raising funds. More importantly, it hopes to compete in the hottest area in today’s global stock markets: memory chips used for AI computing. Daniel Morgan, a senior portfolio manager at Synovus Trust, which holds Micron stock, said the market is in a period of extreme frenzy for chip stocks, and that now is a good time for U.S. investors to take part in this opportunity. Zhou Di, a portfolio manager at Thornburg Investment Management, which holds SK Hynix stock, said this offering is targeted at investors who currently cannot access the South Korean stock market. With SK Hynix listed on Nasdaq, investors are given a direct, frictionless opportunity to participate in one of the most attractive pure-play targets in the AI memory cycle.
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