SK Hynix launches a $28B US IPO after a 260% run this year
SK Hynix is selling nearly 17.8 million ADRs in a US IPO targeting about $28 billion, pricing Thursday and trading Friday, after a 260% climb in its Seoul stock this year on AI memory demand. The listing turns memory chipmakers into Wall Street's next Nvidia trade — rival Micron has run up nearly 700% to a $1 trillion valuation as the 'RAMageddon' shortage across HBM, DRAM, and NAND outpaces supply. The $550 billion SK Hynix and Samsung are pledging for new fabs is a bet that AI demand holds until those plants open, not oversupply that crashes prices.
Source: techcrunch.com ↗
Demand has outpaced supply, creating a shortage of memory chips — including high-bandwidth memory (HBM), DRAM, and NAND
SK Hynix
Why this matters
- → Memory shortage forces chipmakers to bet $550B on new fabs before AI demand stabilizes
- → SK Hynix IPO signals Wall Street's hunt for next Nvidia in chip sector
- → Oversupply risk looms if manufacturing capacity completes after market needs shift
RAMageddon boom