SK Hynix Surges 13% at Nasdaq Debut Then Reverses to Lose More Than 15%

CNBC — Technology—South Korean chipmaker SK Hynix surged 13% on its first day of trading on Nasdaq, with its chairman telling CNBC that demand for its AI memory chips is 'enormous.' The gains quickly reversed in subsequent sessions, with the stock shedding more than 15% as investor optimism about near-term earnings growth faded. Canadian investors gained their first direct Nasdaq access to an AI chip supply chain name through the debut, though analysts questioned the entry valuation.

• CNBC — Technology — SK Hynix chairman told CNBC demand for its AI chips is 'enormous' at the listing ceremony
• The Globe and Mail — Canadian investors gained direct Nasdaq exposure to an AI memory chip supplier for the first time
• Nikkei Asia — Shares dropped more than 15% in the sessions immediately following the initial debut surge