SK Hynix just announced plans for a US listing in an effort to raise nearly $30 billion. The South Korean memory chip maker, which makes up 30% of the KOSPI, is looking to get its piece of the AI gold rush as companies race to finance themselves in either equity or debt markets, observes Amber Kanwar, host of the In the Money with Amber Kanwar podcast.
A listing of that size would be one of the biggest in history and give North American investors access to the leading high bandwidth memory chip maker in the world. Despite its dominance in the hottest part of the memory market, the company trades at a discount to peers like Micron Technology Inc. (MU) and other chipmakers like Taiwan Semiconductor Manufacturing (TSM).
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The move came on the same day Cerebras Systems Inc. (CBRS) plunged following its first quarterly results as a public company. The AI chipmaker known for the speed of its technology went public in May at $185 per share.
Sales increased 94% from last year, which was higher than expected this quarter. Its loss was much smaller, too. But headlines say the forecast was disappointing even as it was actually higher than consensus.
What gives? The debut for Cerebras coincided with a spike in volatility for the semiconductor sector. One measure shows volatility has increased to the highest level since Liberation Day in 2025.
