SK Hynix Shares Surge 13% on NASDAQ Debut as Demand Explodes for Robots and AI Agents

SK Hynix's American Depository Receipts (ADRs) surged 13% on their NASDAQ listing debut, closing at $168.01, up from the IPO price of $149. The company raised $26.5 billion through the IPO, planning to invest entirely in next-gen AI memory factory construction and global expansion. CEO Choi Taewon emphasized that AI demand has entered a permanent scale-up phase, with customers demanding even more chips despite production capacity doubling within five years. SK Hynix, which has NVIDIA and Apple as key clients, is expanding production infrastructure globally through a $4 billion advanced packaging plant in Indiana and a $122 trillion investment in South Korea's semiconductor megaplex.