SK Hynix Surpasses Micron's Market Cap on Nasdaq Listing Debut

SK Hynix surpassed Micron Technology's market capitalization on its Nasdaq listing debut, closing at $168.01 per share. The company's market cap reached $1.2 trillion, overtaking both Micron ($1.1 trillion) and AMD ($909 billion) based on closing prices. SK Hynix's Nasdaq listing involved a U.S. depositary bank issuing American Depositary Receipts (ADRs), with 10 ADRs equivalent to one share of the Korean-listed company.