BlockBeats News, July 5th, next week SK Hynix will debut on the U.S. stock market with a $29 billion IPO, potentially the largest-ever IPO by a foreign company, but it is not just about raising funds. More importantly, it aims to compete in the hottest sector of the global stock market today, the memory chip sector for AI computing. Daniel Morgan, Senior Portfolio Manager at Synovus Trust, which holds Micron stock, said the market is currently in an extremely enthusiastic period for chip stocks, and now is a good time for U.S. investors to get involved in your stock.
Zhou Di, Portfolio Manager at Thornburg Investment Management, which holds SK Hynix stock, said this issuance is aimed at investors who are currently unable to enter the Korean stock market. SK Hynix's listing on NASDAQ has provided investors with a direct, frictionless opportunity to participate in one of the most attractive pure plays in the AI memory cycle. (Jinse)
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