Today: 10 July 2026
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Earnings Reports 7 February 2026 - 8 February 2026

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Stock Market Today

  • SK Hynix pulls off largest foreign IPO in US history on AI chip demand
    July 10, 2026, 4:00 AM EDT. SK Hynix made history with the biggest U.S. IPO by a foreign company, raising $26.5 billion at $149 a share. That beats the previous record set by Alibaba in 2014 with $25 billion. Huge demand for memory chips, as AI data centers ramp up, is driving the move. SK Hynix and Samsung have pushed South Korea's stock market into seventh place globally. Both now hold $1 trillion market caps, helping drive new spending on capacity. The country is putting more than $500 billion into new chip factories to keep up in technology. SK Hynix plans to spend the IPO cash building local plants and chasing Samsung and U.S. competitor Micron, as chip supply stays tight. Markets stay volatile, with investors weighing AI growth against ongoing risks.
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