AI supply chain goes public
SK Hynix started trading on the Nasdaq under the ticker SKHY, raising $26.5 billion in the largest inaugural U.S. share sale by a foreign company. The listing lands just weeks after SpaceX's record-setting float, reinforcing 2026 as a landmark year for U.S. capital markets. Institutional investors recognized that the AI buildout is not a one-company story but a supply chain story.
Every Nvidia chip runs on SK Hynix memory
SK Hynix controls more than half the global supply of high-bandwidth memory. Every H100, every H200, every Blackwell chip that ships to a data center has SK Hynix memory inside it. AI demand is outpacing production capacity, and the only way to close that gap is to build more fabs. The company's Nasdaq debut provides capital for factory expansion.
South Korea's stock market climbs global rankings
The rush to buy shares of SK Hynix and Samsung has turned South Korea's stock market into the world's seventh-largest, overtaking Canada's. Both companies have notched record profits this year as AI has consumed the world's supply of memory chips. The Nasdaq listing could pave the way for more Korean tech giants to pursue U.S. listings.