Nvidia’s biggest RAM supplier just had a trillion-dollar debut on Wall Street

SK Hynix CEO Kwak Noh-Jung. | Image: Michael Nagle/Bloomberg via Getty Images

As the AI roar boosts request for RAM, SK Hynix - 1 of the world's biggest suppliers of representation chips - launched connected Wall Street Friday. The South Korean chipmaker opened astatine $170 per stock and raised $26.5 billion, surpassing Alibaba's grounds arsenic the largest debut of a overseas company, according to reports from Associated Press and CNN.

After reaching a $1 trillion valuation successful May, SK Hynix concisely overtook Samsung arsenic South Korea's astir invaluable company. SK Hynix is one of 3 large companies benefitting from a surge successful request for DRAM and high-bandwidth representation (HBM). These components person go indispensable for the wide buildout of AI …

Read the afloat communicative astatine The Verge.