SK Hynix chairman: ‘Demand Is Enormous’ as shares open at $170

Bullish Gator

SK Hynix opened at $170 on Nasdaq; chairman Chey Tae-won tells CNBC demand for its phone and PC memory is “enormous.”

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What stands out

SK Hynix's chairman telling CNBC that 'demand is enormous' matters beyond semiconductors because the company's Nasdaq debut at $170 per share is the kind of tech-led activity exchanges like Nasdaq (NDAQ) live off. More initial public offerings (IPOs), higher trading volumes, and brisk secondary-market action translate into listing fees, market-data sales, and transaction revenue for exchange operators. For anyone watching exchange stocks, a hot memory cycle is a reminder that macro-driven sector momentum can feed structural revenue growth for venues.