The highly anticipated debut of SK hynix on the Nasdaq marks a significant development in the AI chips sector. As the Korean chipmaker responsible for the High Bandwidth Memory (HBM) vital to most advanced AI accelerators goes public, U.S. investors gain direct access to its stock for the first time. This public offering, reported to be the largest ADR in market history, underscores SK hynix's critical role in fueling the AI boom, particularly as its HBM chips power AI processors in major data centers worldwide. Accompanying this launch are two new leveraged ETFs, SKUU and SKDD, by GraniteShares, designed to provide traders with tools to amplify their daily trading strategies surrounding the stock's movements.

• SK hynix (KOSE:A000660) last closed at ₩2,201,000 up 0.7%.

In other trading, Sumco (TSE:3436) was a notable mover up 15.4% and closing at ¥5,244, near its 52-week high. Meanwhile, Shanghai Iluvatar CoreX Semiconductor (SEHK:9903) trailed, down 18.7% to end trading at HK$482.20. This week, the company filed a Follow-on Equity Offering totaling HKD 7.071932 billion.

Best AI Chip Stocks

• Micron Technology (NasdaqGS:MU) settled at $991.64 up 4.5%. Micron announced on 9 July it's accelerating U.S. fab investments to over $250 billion by 2035 to meet AI-driven memory demand, marking the largest private investment in New York state history.
• Broadcom (NasdaqGS:AVGO) finished trading at $401.11 up 3.2%.
• NVIDIA (NasdaqGS:NVDA) ended the day at $202.78 down 0.7%. This week, NVIDIA collaborated with LangChain to release an advanced blueprint for building AI agents, significantly reducing inference costs for enterprises.

Next Steps

• Click here to unveil our expertly curated list of 139 AI Chip Stocks including Guobo Electronics, Suzhou Everbright Photonics and Nexchip Semiconductor (China).
• Ready To Venture Into Other Investment Styles? AI is about to change healthcare. These 129 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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