SK Hynix jumps 12% on Micron strength, Nasdaq plan

SK Hynix shares surged more than 12% after Micron reported a sharp jump in quarterly revenue tied to AI memory chip demand, reinforcing the view that the market remains supply-constrained. The rally also tracked SK Hynix’s plan to raise up to $29.4 billion by

On Thursday, SK Hynix’s stock didn’t just rise — it broke higher, up more than 12% as markets latched onto two signals at once: Micron’s stronger-than-expected results and SK Hynix’s plan to tap the U.S. market with a Nasdaq listing.

The momentum started with Micron. In its fiscal third quarter. Micron’s revenue more than quadrupled. the company reported on Wednesday. as demand for AI-related memory chips continued to surge. For investors watching the wider race for AI infrastructure. the message landed clearly: the memory market tied to artificial intelligence is still tight. and that tightness is pushing winners higher.

SK Hynix is positioned to benefit from the same supply-and-demand pressure. The company is a fellow memory-chip maker, and the read-through from Micron’s results quickly translated into renewed confidence around AI memory.

At the same time, SK Hynix put a major financing and market-access move on the table. The company plans to issue 17.79 million new shares in the form of American depositary receipts through a Nasdaq listing. according to a regulatory filing. The fundraising could reach 45.45 trillion won, or $29.65 billion, even as the timetable was described as subject to change. Trading is expected to begin July 10.

SK Hynix framed the ADR listing as more than money. The company said the move would broaden its investor base and allow “its true corporate value to be properly evaluated.” It added that it expects to elevate its status as a global company by broadening its touchpoints in the United States. described as “the epicenter of AI technological innovation.”.

The investment story behind that plan is already underway. SK Hynix has been ramping up spending to meet the demand for AI chips. It is developing its Yongin semiconductor cluster in South Korea, expected to begin operations in 2027. It is also building its first U.S. production facility — a $4 billion advanced chip-packaging plant in Indiana.

Within the trading day’s broader market tone, the gains weren’t confined to one name. In Asia, the rally spread across technology stocks: Samsung Electronics advanced more than 5%, while Taiwan’s TSMC added 0.63%. Japan followed with strength from chip-adjacent equipment makers. including Tokyo Electron climbing about 7%. Advantest rising more than 4%. and Lasertec gaining over 3%. SoftBank Group was also up around 5%.

Taken together. the shares rise and the financing plan land on the same question investors have been asking: how long will the AI memory chip market stay supply-constrained?. Analysts remain bullish that shortages in high-bandwidth memory are likely to persist for years as hyperscalers continue ramping up AI infrastructure spending.

SK Hynix’s fundraising arrives against that backdrop — and against its own recent surge. Shares of SK Hynix are up more than 300% year-to-date. The company is now preparing to widen access through the U.S. market, while trying to reduce the valuation gap with Micron. For investors. that combination — operational momentum reinforced by Micron. plus a major Nasdaq listing designed to broaden reach — is why the trading day turned into a sprint rather than a drift.

And as the clock moves toward July 10, the market will be watching whether access and capital inflows can match the demand signal already showing up in earnings.

SK Hynix Micron Nasdaq listing ADR AI memory chips high-bandwidth memory semiconductor stocks Yongin semiconductor cluster Indiana chip-packaging plant