SK Hynix's Record IPO Demand Points to Durable AI Memory Shift

SK Hynix's $26.5 billion US IPO drew sevenfold oversubscription on July 10, 2026—rare for a commodity-adjacent business. The surge suggests investors view AI-driven high-bandwidth memory demand as structural, not cyclical. Whether this thesis withstands the next inventory correction will tell us more about AI infrastructure's durability than earnings alone.