SK Hynix seeks to attract more AI investors by listing in the US

Next week's $29 billion IPO on the U.S. stock market could become the largest foreign company's initial stock offering ever, but it's not just about raising money. More importantly, it hopes to compete in the hottest area of global stock markets today, namely memory chips used for AI computing.<br /> Daniel Morgan, senior portfolio manager at SynovusTrust, which owns Micron shares, said that the market is in a period of extreme fanaticism for chip stocks, and now is a good time to let U.S. investors participate in your stock.<br /> Zhou Di, portfolio manager at Thornburg Investment Management, which owns SK Hynix shares, said the offering is for investors who are currently unable to access the South Korean stock market. SK Hynix's listing on Nasdaq provides investors with the opportunity to directly and friction-free participate in one of the most attractive pure targets in the AI memory cycle.