SK hynix rises more than 13% on first Nasdaq trading day

SK hynix began trading on the U.S. Nasdaq at $170, above its $149 offering price, and ended at 168 dollars and 49 cents, rising more than 13%. The move led gains in the Nasdaq index on its first trading day.

SK Group executives and employees, including Chairman Chey Tae-won, visited New York for the listing. Chey said his first task was to keep the stock maintained so that it would not fall below the offering price.

SK hynix was shown on large screens in New York's Times Square. Some trading was limited on the first day, and all trading is scheduled to become available normally from the 13th.

SK hynix's U.S. market capitalization was one trillion two hundred billion dollars, surpassing U.S. rival Micron's one trillion one hundred billion dollars in one day.

Foreign media outlets analyzed the rise as driven by expectations that the AI memory semiconductor boom had not yet peaked and that the semiconductor cycle of booms and downturns would fundamentally change. Investment strategist Ross Mayfield said a serious supply shortage had been appearing in memory from early 2026 and that only a very small number of companies could meet the demand.

As the possibility of an additional SK hynix listing was raised, the Nasdaq debut was assessed as opening a path for many other overseas companies to list in the United States.

My first job is to keep it well maintained so it does not fall below the offering price.

A serious supply shortage has been appearing in memory from early 2026. Only a very small number of companies can meet this demand.