SK Hynix Rides AI Boom to Blockbuster US Listing | Insight with Haslinda Amin 07/10/2026

Watch on YouTube ↗ | July 10, 2026 at 08:19 | 47:18 | Bloomberg Markets

Speakers

Lending — Managing Editor, Asia Equities, Bloomberg

Dilin Wu — Head of Research, The Block

K. Krithivasan — CEO, Tata Consultancy Services

Srikanth Velamakanni

Summary

SK Hynix's record $26.5B US ADR listing signals huge investor demand for AI infrastructure and a real accessibility premium. Pepperstone strategist Dilin Wu recommends AI memory chips (SK Hynix, Samsung, Micron) over AI applications, warns Microsoft is under pressure, sees crude oil falling to $65 or lower, and expects persistent yen weakness. TCS CEO K. Krithivasan details accelerating AI revenue that could hit 20% of total within 4-6 quarters. A separate segment discusses India’s push for AI sovereignty but lacks specific tradeable names.

SK Hynix raises $26.5B in top US debut by a foreign firm, pricing ADR at 3% premium to Korean shares.
Strong listing demand seen reflecting pent-up investor appetite for direct AI memory chip exposure.
Pepperstone strategist favors AI memory stocks (SK Hynix, Samsung, Micron) as an oligopoly bottleneck over pressured AI applications like Microsoft.
Dilin Wu forecasts further crude oil downside to $65 or lower on OPEC+ supply increase and weak global demand.
Persistent US-Japan yield gap keeps yen under pressure despite Ministry of Finance intervention.
TCS sees AI revenue growing rapidly, targeting 20% of total revenue in 4-6 quarters, with advanced hyperscaler partnerships.
India's AI sovereignty discussed with progress in data centers and applications, though chip fabrication remains a gap with no specific public trade mentioned.

Ideas

Lending Managing Editor, Asia Equities, Bloomberg 2:27

SK Hynix ADR demand validates accessibility premium.

The $26.5B US listing of SK Hynix ADR reflects massive pent-up investor demand for direct access to core AI infrastructure. The ADR priced at a 3% premium, confirming the accessibility premium is real, and the fundamental story remains intact despite valuation concerns.

Dilin Wu Head of Research, The Block 8:11

Microsoft under pressure as AI applications avoided.

AI application layer is not seeing capital inflows; traders are shifting away from applications. Microsoft is under pressure as AI applications are avoided in favor of infrastructure, creating a divergence within tech.

Dilin Wu Head of Research, The Block 8:56

AI memory chips an oligopoly bottleneck.

AI memory chips form a bottleneck in AI infrastructure with a three-player oligopoly (SK Hynix, Samsung, Micron). Memory demand is robust regardless of which hyperscaler wins, making AI memory more attractive than AI applications, which face capital outflows and pressure on names like Microsoft.

Dilin Wu Head of Research, The Block 17:58

Crude oil downside to $65 or lower.

OPEC+ has been adding nearly 800,000 barrels a day since April, and Saudi Arabia and Russia are prioritizing market share over price. Global demand is weak with IEA forecasting a 1.1 million bpd decline, and Chinese consumption has not recovered. Crude oil is set to fall to $65 per barrel or even lower by year-end.

Dilin Wu Head of Research, The Block 22:44

Yen weakness persistent due to yield gap.

Ministry of Finance interventions have failed to support the yen. The 300+ bps yield differential between the Fed and BOJ is not likely to disappear soon, keeping the yen under pressure. Yen weakness will persist in the near term.

K. Krithivasan CEO, Tata Consultancy Services 28:53

TCS AI revenue accelerating rapidly.

TCS AI revenue stands at $2.6B annualized (7-8% of total) and is growing 10-15% QoQ, with potential to accelerate to 25% QoQ. AI is expected to reach 20% of revenue within 4-6 quarters. The company has a unique end-to-end five-layer AI stack and advanced hyperscaler partnerships, allowing it to hold margins despite wage hikes and AI-led deflation.

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This Bloomberg Markets video, published July 10, 2026, features Lending, Dilin Wu, K. Krithivasan discussing SK Hynix ADR, MSFT, 000660.KS, 005930.KS, MU, WTI, JPY, TCS.NS. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lending, Dilin Wu, K. Krithivasan · Tickers: SK Hynix ADR, MSFT, 000660.KS, 005930.KS, MU, WTI, JPY, TCS.NS