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$SKHY SK Hynix achieved the largest-ever foreign US listing by raising $26.5 billion through its Nasdaq ADR debut
The South Korean chipmaker SK Hynix is a dominant supplier of high-bandwidth memory (HBM) chips to Nvidia and powers AI servers. It holds a leading ~56% share of the HBM market. The company briefly hit $1 trillion valuation earlier in 2026, overtook Samsung in market value at times, and currently sits around $990B–$1.2T depending on the trading session and ADR/KRW share dynamics.
Proceeds are funding new fabrication capacity in Korea as South Korea pours over $500 billion into expanding its chip industry to meet surging AI demand.
South Korea’s stock market has been one of the top performers in 2026, up significantly year-to-date, fueled heavily by SK Hynix, Samsung, and the broader AI/memory boom.
This listing highlights continued global investor appetite for AI infrastructure plays even in a mixed broader market environment.