SK Hynix, the world's second-largest memory chipmaker and a key supplier of high-bandwidth memory (HBM) for AI, made its Nasdaq debut today.

Shares opened at $170, up about 14% from the $149 offering price. Nearly 50 million shares have traded so far.

The listing is one of the largest US IPOs by a foreign company and highlights strong investor demand for AI-related technologies.

Why it matters

The debut comes as the chip sector benefits from AI growth, with SK Hynix positioned as a critical HBM player.

Market reaction

X chatter centers on the IPO with live coverage and positive reactions to the opening pop.

The bottom line

SK Hynix's Nasdaq listing stood out as the main IPO story today, with a favorable market response. Attention now turns to the approaching bank earnings season.