Micron is up 700% — can SK Hynix's $28B US listing beat it?

sk hynix is launching a us ipo worth nearly $28b, issuing 17.8m american depositary receipts to capitalize on record ai-fueled demand. q1 revenues surged 200% while the stock climbed 260%, driven by a shortage of hbm and dram chips required by hyperscalers building ai infrastructure. the move gives us investors direct access to a key supplier in the ai hardware stack, alongside samsung and micron, which saw its valuation exceed $1t. however, the company faces risks as it and competitors pour over $550b into new capacity that could outpace demand if ai memory requirements shift before facilities come online.