SK Hynix seeks to attract more AI investors through U.S. listing

CoinFeed July 5 news, according to Jin10 reports, next week SK Hynix's $29 billion listing on the U.S. stock market could become the largest initial public offering by a foreign company ever, but it's not just about raising funds. More importantly, it hopes to compete in the hottest area of the current global stock market, namely the memory chip sector for AI computing. Daniel Morgan, senior portfolio manager at Synovus Trust, which holds Micron shares, said the market is in a period of extreme frenzy for chip stocks, and now is a good time to get U.S. investors involved in your stock. Zhou Di, portfolio manager at Thornburg Investment Management, which holds SK Hynix shares, said the offering is aimed at investors who currently cannot access the Korean stock market.