SK Hynix ADR shares open for trade at $170
Speakers
Kristina Partsinevelos
— Markets Reporter, CNBC
David Faber
— Anchor, Squawk on the Street / Media Analyst
Summary
CNBC's Kristina Partsinevelos reports on the US ADR listing of SK Hynix, a leader in high bandwidth memory and a key NVIDIA supplier. The ADR opened 15% higher, and the stock is positioned for strong passive index inflows and a potential valuation rerating. The company's US expansion and dominance in AI memory chips bolster the bull case.
- SK Hynix ADR opened at $172–$173, roughly 15% above the $149 listing price.
- SK Hynix dominates high bandwidth memory and is a critical supplier to NVIDIA.
- The US listing provides first-time direct access for American investors.
- Barclays estimates about $14 billion of passive index-tracking flows once added to major indices.
- Forward P/E is cheaper than Micron, and the valuation gap is expected to narrow with US access.
- The company is investing $4 billion in Indiana and the chairman signaled more investments ahead.
- Commerce Secretary Howard Lutnick is pushing additional investment, competing with Micron's $50 billion expansion.
Ideas
HBM leader, US listing unlocks inflows
SK Hynix is the leader in high bandwidth memory and a dominant supplier to NVIDIA. The US ADR listing gives American investors direct access to this pure-play memory maker. Barclays expects approximately $14 billion in passive inflows once it is added to major indices. The valuation gap versus Micron should narrow now that US investors can access the shares, and the company is investing $4 billion in Indiana with plans for more, supporting its long-term position.
Up Next
This CNBC video, published July 10, 2026, features Kristina Partsinevelos discussing SK Hynix ADR. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Kristina Partsinevelos · Tickers: SK Hynix ADR