SK Hynix Hits Nasdaq, Raises $26.5B at 7x Oversubscription — Is Memory's Super-Cycle Here?
SK Hynix debuted on Nasdaq today at $149, raising $26.5 billion at ~7x oversubscription — a landmark event that reignited the AI memory trade. As the global HBM leader, its blockbuster listing is read as a powerful endorsement of AI storage demand, lifting Micron (MU) and SanDisk (SNDK) and adding an estimated $250 billion in AI-driven market gains. With capital markets casting a 7x vote of confidence, is Hynix's debut another sign of a memory super-cycle — or peak sentiment?
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