And as Bloomberg News I mentioned On Sunday (July 5), the company’s $29 billion listing — scheduled for July 10 and believed to be the largest stock sale ever by a foreign company — is about more than just raising money, but about competing for the white-hot market for memory chips used in artificial intelligence computing.
The report noted that SK Hynix has struggled for years to compete with its American rival Micron, although its entry into the world’s largest stock market and its thirst for artificial intelligence-related investments could help balance the odds.
“We’re in a time of great excitement about chip stocks,” Daniel Morgan, senior portfolio manager at Synovus Trust, which owns shares in Micron, told Bloomberg. “It’s a good time to go and get the United States involved in your shares.”
The report also notes that investors are concerned about the AI landscape. Companies like Google and Microsoft are turning to debt and equity markets to fund their AI projects. Bloomberg said this spending led to higher profits, but the dynamic would change if funding dried up.
“Investors run the risk of entering something that has the potential to be a speculative bubble,” he said. Ed O’GormanCEO of River wealth consultants. “You have to be very careful investing in anything that keeps up with the way these stocks have gone up.”
Last month, a report was made that SK Hynix and fellow South Korean tech giant Samsung aim to achieve this Investing about $518 billion To build new semiconductor manufacturing facilities in the southwestern region of their country. It is part of a larger national strategy of the government focusing on artificial intelligence and semiconductor projects.
Meanwhile, PYMNTS wrote in May that the idea that “whoever controls computing, capital, and foundational models will… “Control the future” It misses the “hardest half: the request.”
At that time, Anthropic announced a project focused on small and medium-sized businesses AI plugin For tools including PayPal, Intuit, Canva and Docusign, suggesting that the next phase of AI could depend less on how much capacity technology companies can provide and more on whether regular companies are able to provide sustainable demand within everyday work.
“Ultimately, the question facing the market is no longer just whether Boundary models “He can perform amazing tasks,” PYMNTS wrote.
“Whether accountants, nurses, insurance adjusters, teachers, purchasing managers, financial analysts and their peers Main Street They can integrate AI into highly specialized workflows that they understand better than any engineer in Silicon Valley.
For all of our PYMNTS AI coverage, subscribe to our daily newsletter Amnesty International newsletter.
