SK Hynix will list on Nasdaq in the form of ADR on July 10, 2026, with the ticker symbol SKHY. The fundraising scale is approximately $28-29.4 billion, making it one of the largest overseas corporate IPOs in US stock history.

After fundraising, Hynix will prioritize allocating production capacity to high-end HBM chips for AI servers. Consumer-grade memory and flash memory production capacity will be squeezed, extending the storage price increase cycle, directly raising daily digital expenses. The storage industry will see many positive factors. Given the original situation, there is reduced demand from AI creators, short-video platforms, and storage supply. AI and storage are improving.
Personally, I think this wave of Hynix reflects a short-term frenzy. From SanDisk's perspective, too rapid an increase is detrimental to any economic development, and the overall trend overly forms the concept of a solo bull market. Moreover, US stocks are still at high levels, similar to the final bag holders in other financial market bull markets. Of course, all of this is hindsight.
Hynix's listing on US stocks brings positive news. There is absolutely no problem with the current price. Just grab some FOMO-driven funds.
Short-term computing power demand supports the continuation of storage heat, but the massive capacity release in 2027 will change the supply-demand landscape. Whether this round of storage market is a mid-cycle carnival or the last frenzy depends on whether AI capital expenditure can continue to exceed expectations.
The frenzy is only this year, and it is expected to drop significantly next year.