SK Hynix Stock Surges 14% on First Trading Day on Wall Street

The stock of South Korean company SK Hynix jumped by 14% on its first day of trading on Wall Street, with its American depositary shares rising to $170 after being priced at $149. The company raised approximately $26.5 billion from its listing on the Nasdaq, benefiting from growth in the artificial intelligence sector and being one of the largest suppliers of advanced memory chips for Nvidia.

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