SK Hynix’s US IPO puts focus on memory stocks
The post SK Hynix’s US IPO puts focus on memory stocks appeared on BitcoinEthereumNews.com. There have been two competing theories on how Friday’s SK Hynix US debut will affect the two leading US memory chip stocks, Sandisk (SNDK) and Micron (MU). The first posits that investors will sell some of their holdings in the US companies in order to include the South Korean competitor. The second views the three as similar horses that should all benefit from the ongoing global memory shortage that has provided the sub-sector of the semiconductor industry with exploding margins and profits. The first theory seems to be the leading contender on Friday as SK Hynix is set to begin trading under the ticker SKHY sometime during the regular session. Both Micron and Sandisk shed some weight in the early going on Friday. The broader market is waxing and waning between positive and negative territory as the NASDAQ Composite and Dow Jones Industrial Average both search for direction. SK Hynix prices US