Swissquote Bank senior analyst Ipek Ozkardeskaya said markets expect a very strong U.S. debut for SK Hynix. The optimism lifted the Kospi about 5% intraday after the company's ADR was priced at $149 each, marking the largest U.S. listing by a foreign firm. She said AI enablers have driven much of tech's earnings growth since 2023, with large-scale AI spending—particularly by big tech—flowing directly into semiconductor companies. Given SK Hynix's substantial share-price gains in Korea over the p

Swissquote Bank senior analyst Ipek Ozkardeskaya said markets expect a very strong U.S. debut for SK Hynix. The optimism lifted the Kospi about 5% intraday after the company's ADR was priced at $149 each, marking the largest U.S. listing by a foreign firm. She said AI enablers have driven much of tech's earnings growth since 2023, with large-scale AI spending—particularly by big tech—flowing directly into semiconductor companies. Given SK Hynix's substantial share-price gains in Korea over the past year, its Nasdaq performance will show how much incremental value the U.S. market can add.