South Korean chipmaker SK Hynix’s US-listed shares surged 13% in their Nasdaq debut after raising $26.5 billion through an offering. The listing highlights continued investor enthusiasm for AI-linked semiconductor companies, with funds expected to support new factories and expand access to global investors amid strong demand for advanced memory chips

SK Hynix’s shares made a strong debut on the Nasdaq, rising 13% after the South Korean semiconductor giant raised $26.5 billion through a share offering.

The successful listing signals continued investor confidence in artificial intelligence (AI)-related chip companies despite recent concerns over the sustainability of the AI investment boom.

SK Hynix, South Korea’s second-most valuable company, has emerged as one of the biggest beneficiaries of the global AI expansion.

The rapid adoption of AI technologies has triggered massive investments by technology companies in advanced computing infrastructure, creating strong demand for high-performance semiconductor components.