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stocksJul 10, 2026, 3:50 PM

SK Hynix Surges 14% on Nasdaq Debut, Market Cap Tops $1 Trillion

SK Hynix, South Korea's second most valuable company, surged 14% on its Nasdaq debut after ADRs were priced at $149 per share, raising $26.5 billion and pushing its market cap above $1 trillion.

SK Hynix, South Korea's second most valuable company, made its official trading debut on the Nasdaq on [date]. The company's American Depositary Receipts (ADRs) were priced at $149 per share, raising $26.5 billion in the offering.

Shares opened sharply higher, surging +14% in early trading, pushing the company's market capitalization above $1 trillion. The strong debut highlights investor demand for semiconductor stocks amid the ongoing AI boom.

Source: The Kobeissi Letter