STOCKS | SK Hynix US Debut Bets AI Can Smooth Chip Industry Cycles

Bloomberg reported that SK Hynix pulled off the largest public listing by a foreign company in US market history, with shares soaring 13% on their first day of trading after raising $26.5 billion in its ADR offering.
Behind the historic debut is a bet that the AI boom has fundamentally reshaped the decades-long boom-and-bust cycle of the memory-chip business. CEO Kwak Noh-Jung told Bloomberg that things have clearly changed, with customers now seeking long-term supply agreements due to persistent shortages.
Kwak said customers believe the shortage will last longer, predicting the deficit may extend beyond 2030. The ChatGPT era has brought memory supply shortages so persistent they're rippling across supply chains and raising prices of everything from iPads to Xbox consol#PredictWorldCup🇳🇴vs🏴󠁧󠁢󠁥󠁮󠁧󠁿 #USIranWarCloudsGather #GUSDYieldRisesto3.8% es.