SK Hynix Picks Nasdaq for U.S. Listing as AI Chip Demand Sends Its Market Cap Past $1 Trillion

My take: High-bandwidth memory companies (the HBM chips that give AI servers their speed) are now worth as much as the legacy tech giants. SK Hynix, Nvidia's main HBM chip supplier, is up 230% year-to-date with a market cap (its value on the stock market) above $1 trillion, and now plans to raise $14 billion on Nasdaq to expand capacity. The funny part is that the AI boom story is always told with the models and apps as the stars, but whoever controls the physical memory chips controls the real bottleneck, like the one selling the pickaxes during a gold rush. The market already figured that out. Sure, that is my opinion.