SK Hynix’s historic U.S. trading debut helped investors regain their appetite for the AI trade.
American depositary receipts of SK Hynix 000660 -0.27%decrease; down pointing triangle soared 13% Friday as the South Korean chip maker pulled off a $26.5 billion U.S. share sale, the largest by a foreign company in history. The company ended its first day of trading with a market value of $1.2 trillion, putting it ahead of U.S. chip makers Micron Technology and Advanced Micro Devices.
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