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The South Korean wave is coming, and we're not talking about BTS.
SK Hynix, South Korea's second most valuable company, will begin trading on the Nasdaq on Friday under the ticker SKHY. You've probably never heard of it, but you've certainly used its products. The company makes memory chips found in phones and laptops from Apple and Dell.
But the real story, of course, is AI.
SK Hynix builds the high-performance chips that power Nvidia, via a multiyear partnership announced in June. South Korean-listed shares of SK Hynix are up more than 222% since January 1 and 636% over the last 12 months, driven by voracious demand for memory. Revenue tripled between 2023 and 2025, hitting nearly $65 billion, per CNBC. ****** ysts polled by LSEG see it nearly tripling again this year to $235 billion.
The South Korean wave is coming, and we're not talking about BTS.
SK Hynix, South Korea's second most valuable company, will begin trading on the Nasdaq on Friday under the ticker SKHY. You've probably never heard of it, but you've certainly used its products. The company makes memory chips found in phones and laptops from Apple and Dell.
But the real story, of course, is AI.
SK Hynix builds the high-performance chips that power Nvidia, via a multiyear partnership announced in June. South Korean-listed shares of SK Hynix are up more than 222% since January 1 and 636% over the last 12 months, driven by voracious demand for memory. Revenue tripled between 2023 and 2025, hitting nearly $65 billion, per CNBC. ****** ysts polled by LSEG see it nearly tripling again this year to $235 billion.
1 month ago
