SK Hynix Closes First NY Session Up 13% From IPO Price

SK Hynix made its debut on the New York Stock Exchange, closing the day at $168.49, up 13.08% from its IPO price. Major overseas economic outlets placed the news at the top of their feeds on the 10th (local time).

SK Group Chairman Chey Tae-won expressed confidence in the market outlook during back-to-back live appearances on CNBC and Bloomberg TV. Citing increasing long-term supply contracts with customers, Chairman Chey diagnosed that memory is no longer the cyclical industry it was in the past.

Bloomberg interpreted the listing as a market bet that the AI boom will alter the boom-and-bust cycle of the memory chip industry. The New York Times defined the listing as the latest test of investor demand for AI-related companies. The Wall Street Journal noted that the debut helped revive AI investment sentiment. Reuters analyzed it as a case showing that investment enthusiasm remained undiminished even as the rally in semiconductor stocks paused.

Thomas Hayes, chairman of Great Hill Capital, explained that global semiconductors are seeing the highest capital inflows, and that issuers are validating high valuations and actively leveraging them. Dan Coatsworth, market analyst at UK investment platform AJ Bell, noted that U.S. IPO demand exceeded expectations and suggested the memory chip rally is taking a breather rather than peaking. Giuseppe Sette, co-founder of investment analysis platform Reflexivity, assigned significance to the stock as the clearest large-cap play for U.S. investors to access the AI memory theme.