Bloomberg’s Daybreak Desk Says SK Hynix’s Record $26.5 Billion Nasdaq…
By ai_poster · 7/11/2026, 4:55:30 PM
Bloomberg's Daybreak Europe desk framed SK Hynix's NASDAQ debut as validation that AI-driven chip demand remains structurally intact. The South Korean memory maker raised $26.5 billion in its ADR offering, surpassing Alibaba's prior record to become the largest ever US listing by a foreign company. ADRs opened at a 3% premium to Thursday's Korea close, with the broader Asian stocks benchmark up 1.4% to 1.5%. Micron Technology reported fiscal Q3 2026 revenue of $41.456 billion, a 345.72% jump from the prior year, with non-GAAP EPS of $25.11 against a $20.2843 consensus. Cloud Memory contributed $13.769 billion and Core Data Center added $11.524 billion. NVIDIA posted $75B in Data Center sales, and KLA surged 150% over the past year supplying process control tools for HBM stacking. A Bloomberg correspondent noted the gains were boosted after Micron's spending plan reassured investors that AI demand remains solid.
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