Analyst: SK Hynix's US listing boosts confidence in AI hardware investment

Golden Ten Data reported on July 10 that Patrick Munnelly, an analyst at Tickmill Group, stated that SK Hynix’s $26.5 billion depositary receipt offering is expected to help fund its investments in AI computing infrastructure. “This is exactly the story equity investors want to see during earnings season—not abstract AI enthusiasm, but financing, capacity expansion, data center demand, and hardware bottlenecks,” he pointed out. He added that investors’ willingness to re-buy Hynix and the South Korean chip sector indicates that they still see the AI boom as a structural trend, not just a momentum trade. South Korea remains one of the clearest barometers of risk appetite for AI hardware, with a clear signal: dip buyers in AI are still present. If anything, the recent pullback has created a clearer entry point for investors who believe that earnings reports will confirm the capital expenditure cycle.