SK hynix GDR Stock News

Its listing comes a month after Elon Musk's SpaceX debuted on the Nasdaq in the largest-ever IPO.

US stocks ended higher on Friday, with the S&P 500 closing just shy of a record high as enthusiasm around artificial intelligence and semiconductor stocks offset concerns over renewed tensions in the Middle East. Investors also turned their attention to the start of the second-quarter earnings season next week, when major US banks will begin reporting results.

Update Friday, July 10:

The exchange-traded fund market has experienced a three-decade boom led by low-cost, tax-efficient, core index fund investments. But many recent big winners have been single-stock ETFs levering up both bullish and bearish bets on momentum plays, typically tech stocks, such as SpaceX and Nvidia.

South Korean memory-chip giant SK Hynix (SKHYV) soared in its American debut on Friday, suggesting U.S. investors remain bullish on memory stocks despite their recent pullback.

SK Hynix Chief Executive Kwak Noh-jung said the ​global memory industry is heading for its ‌worst-ever supply shortage in 2027, forecasting that demand for memory will continue to exceed the company's ability to ​produce it well into the next decade ​despite aggressive capacity expansion.

The AI chip boom just produced its biggest Wall Street moment yet. SK Hynix, a South Korean memory chip giant, said Friday it has raised $26.5 billion (KRW 40 trillion) in its US market debut.