According to BlockBeats, on July 5th, SK Hynix's $29 billion IPO on the US stock market next week could become the largest foreign company IPO in history, but it's not just about raising funds. More importantly, it hopes to compete in one of the hottest sectors in the current global stock market: memory chips used for AI computing. Daniel Morgan, senior portfolio manager at Synovus Trust, which holds Micron stock, said that the market is currently in a period of extreme frenzy for chip stocks, and now is a good time to get US investors involved in your stock.
Zhou Di, a portfolio manager at Thornburg Investment Management, which holds SK Hynix shares, stated that this offering is targeted at investors who currently lack access to the South Korean stock market. SK Hynix's Nasdaq listing provides investors with a direct and frictionless opportunity to participate in one of the most attractive pure-play targets in the AI memory cycle. (Jinshi)