Nvidia’s largest RAM supplier has made a trillion-dollar debut on Wall Street

As the artificial intelligence boom boosts demand for RAM, SK Hynix — one of the world’s largest memory chip suppliers — went public on Wall Street on Friday. The South Korean chipmaker opened at $170 per share and raised $26.5 billion, surpassing Alibaba’s record as the biggest debut by a foreign company. According to reports from news agency and CNN.

after Reaching a $1 trillion valuation in May, SK Hynix was briefly overtaken Samsung is the most valuable company in South Korea. SK Hynix is One of the three major companies Taking advantage of increased demand for DRAM and high-bandwidth memory (HBM). These components have become essential for building large-scale AI data centers, with tech giants like OpenAI, Microsoft, and Google using DRAM for servers to run their AI models, while HBM comes integrated inside cutting-edge AI chips like Nvidia’s Blackwell Ultra.

As of June 2026, SK Hynix accounts for 29 percent of the global DRAM market, with Samsung at 38 percent and Micron at 22 percent, according to To data from Counterpoint. The three giants are still unable to keep up with the demand for memory as they continue to do so Prioritize high-paying AI clients On device makers Who need chips for phonesPCs, consoles and more. SK Group Chairman Chi Tae-won said in June that the company plans to increase its memory chip capacity over the next five years to address a shortage that could last until 2030. Bloomberg Reports.