Nvidia’s biggest RAM supplier just had a trillion-dollar debut on Wall Street
$26.5B. SK Hynix just became the largest foreign IPO ever — and it's a direct play on AI infrastructure demand.
Why it matters
SK Hynix's record Wall Street debut signals explosive capital formation around AI compute infrastructure. As DRAM and HBM become critical bottlenecks for AI training and deployment, memory chip suppliers are capturing trillion-dollar valuations — a shift that reshapes the competitive landscape for AI buildout.
The key facts
7 to knowSK Hynix IPO raised $26.5 billion
Opened at $170 per share
Largest foreign company debut, surpassing Alibaba's record
SK Hynix reached $1 trillion valuation in May 2026
Briefly overtook Samsung as South Korea's most valuable company
One of three major DRAM/HBM suppliers benefiting from AI demand surge
DRAM and high-bandwidth memory are essential for AI infrastructure buildout
Go to the source
The Verge Techtheverge.com
Publisher excerpt: SK Hynix CEO Kwak Noh-Jung. | Image: Michael Nagle/Bloomberg via Getty Images As the AI boom boosts demand for RAM, SK Hynix - one of the world's biggest suppliers of memory chips - launched on Wall Street Friday. The South Korean chipmaker opened at $170 per share and raised $26.5 billion,…