Nvidia’s biggest RAM supplier just had a trillion-dollar debut on Wall Street
The Verge · score 59.3 · 7/10/2026, 10:31:35 AM
The Verge · score 59.3 · 7/10/2026, 10:31:35 AM
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, surpassing Alibaba's record as the largest debut of a foreign company, according to reports from The Associated Press and CNN. After reaching a $1 trillion valuation in May, SK Hynix briefly overtook Samsung as South Korea's most valuable company. SK Hynix is one of three major companies benefitting from a surge in demand for DRAM and high-bandwidth memory (HBM). These components have become essential for the widespread buildout o … Read the full story at The Verge.
<figure> <img alt="A photo of SK Hynix CEO Kwak Noh-Jung." data-caption="SK Hynix CEO Kwak Noh-Jung. | Image: Michael Nagle/Bloomberg via Getty Images" data-portal-copyright="Image: Michael Nagle/Bloomberg via Getty Images" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/2026/07/gettyimages-2284882241.jpg?quality=90&strip=all&crop=0,0,100,100" /> <figcaption> SK Hynix CEO Kwak Noh-Jung. | Image: Michael Nagle/Bloomberg via Getty Images </figcaption> </figure> <p class="wp-block-paragraph">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, surpassing Alibaba's record as the largest debut of a foreign company, <a href="https://apnews.com/article/sk-hynix-nasdaq-memory-chips-nvidia-73f13a85ae00e30bad0540281bbe44f3">according to reports from <em>The Associated Press</em></a> and <a href="https://www.cnn.com/2026/07/10/business/sk-hynix-us-listing-ai-chip-boom-intl-hnk">CNN</a>.</p> <p class="wp-block-paragraph">After <a href="https://www.cnbc.com/2026/05/27/sk-hynix-shares-ai-chip-rally-1-trillion.html">reaching a $1 trillion valuation</a> in May, <a href="https://fortune.com/2026/06/23/sk-hynix-samsung-semiconductors-south-korea-most-valuable-company/">SK Hynix briefly overtook</a> Samsung as South Korea's most valuable company. SK Hynix is <a href="https://www.theverge.com/report/839506/ram-shortage-price-increases-pc-gaming-smartphones">one of three major companies</a> benefitting from a surge in demand for DRAM and high-bandwidth memory (HBM). These components have become essential for the widespread buildout o …</p> <p><a href="https://www.theverge.com/tech/964121/sk-hynix-nvidia-ram-stock-market-debut">Read the full story at The Verge.</a></p>