Jim Cramer Says SK Hynix Is a Buy After Its Record-Breaking $26.5B U.S. IPO
The post Jim Cramer Says SK Hynix Is a Buy After Its Record-Breaking $26.5B U.S. IPO appeared on BitcoinEthereumNews.com. Key highlights: Jim Cramer said that SK Hynix is an opportunity for investors to tap into the AI memory chip market The South Korean firm raised $26.5 billion in its U.S. listing Cramer also warned investors that memory chips are still a highly cyclical business South Korean chip giant SK Hynix is set to begin trading on Nasdaq through American depositary receipts (ADRs) after completing a $26.5 billion offering. The deal is the largest U.S. listing ever by a foreign company. It is also the second-largest IPO in the U.S., right behind SpaceX’s $85.7 billion offering. Ahead of the debut, CNBC’s Jim Cramer said investors looking to benefit from the AI boom should consider the company. Although he warned that this also comes with risks. “We know the memory chip business is on fire,” Cramer said. “If you’re willing to accept the volatility, I think you could do a lot w