Global high bandwidth memory leader SK Hynix opens for trade on Nasdaq
Speakers
Kristina Partsinevelos
— Markets Reporter, CNBC
Summary
CNBC's Kristina Partsinevelos reports on SK Hynix's strong Nasdaq debut, emphasizing its leadership in high bandwidth memory (HBM) for AI, tight supply until 2028, attractive valuation versus Micron, and anticipated passive index buying.
- SK Hynix IPO shares surge 16% on Nasdaq debut.
- Company is the global HBM leader with 58% market share and Nvidia's top memory supplier.
- New HBM supply won't come online before 2028, sustaining shortages and high prices.
- Chairman Che says customers still demand more memory despite planned capacity doubling.
- SK Hynix trades at 5.8x forward earnings, below Micron's 6.8x.
- Barclays expects up to $14 billion in passive inflows as the stock joins major indices.
- Question raised whether the IPO attracts fresh capital or rotates money out of memory rivals.
Ideas
SK Hynix dominates HBM, cheap, passive buying
SK Hynix is the world leader in high bandwidth memory (HBM) with 58% market share, and is Nvidia's biggest memory supplier. New fab supply won't arrive before 2028, keeping HBM shortage and record prices intact. The company raised $26.5B for expansion, and demand is so strong that customers say even doubling capacity in five years is not enough. The stock is cheaper than Micron at 5.8x forward earnings (vs 6.8x), and Barclays sees up to $14B in passive buying as it enters major indices.
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This CNBC video, published July 10, 2026, features Kristina Partsinevelos discussing 000660.KS. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Kristina Partsinevelos · Tickers: 000660.KS