# SK Hynix's massive $26.5B US debut signals AI demand is alive — buy the dip on beaten-down Nvidia

_AI-generated trading idea · LONG · NVDA, SMH_

> Canonical page: https://commonquant.ai/research/for-you/sk-hynix-s-massive-26-5b-us-debut-signals-ai-demand-is-alive--89d177b3-8cc2-4fba-82c2-04959a520aef

Nvidia just lost $1 trillion in value over a circuit board delay, pushing its stock to its cheapest level since before the AI boom. But SK Hynix — the company that actually makes the memory chips inside Nvidia's AI systems — just pulled off the biggest foreign company stock sale in US history, proving that big money is still aggressively betting on AI hardware.

## Idea

Nvidia has been hammered — down a trillion dollars in market value — largely because of a circuit board problem that pushed its next AI system to 2028. That sounds terrible, but here's the thing: Nvidia's revenue is still setting records and its valuation is now at pre-AI-boom lows, meaning the stock is historically cheap. The strongest signal that this selloff is overdone comes from SK Hynix, the Korean company that makes the critical memory chips for Nvidia's AI systems. SK Hynix just raised $26.5 billion in the largest foreign company US stock debut ever. Wall Street wouldn't be pouring that kind of money into Nvidia's key supplier if AI demand were actually drying up. The circuit board delay is a real problem, but it's temporary — the underlying AI spending boom is clearly still alive.

## Key details

- Symbols: NVDA, SMH
- Timeframes: D1
- Tags: \#ai, \#semiconductors, \#value, \#mean\_reversion

## Community

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## News sources

- [A Circuit Board Problem Just Delayed Nvidia's Next AI System to 2028 And Chip Stocks Are Already Feeling the Fallout](https://finance.yahoo.com/technology/ai/articles/circuit-board-problem-just-delayed-211831216.html) — Yahoo Finance
- [Nvidia's valuation just hit a multiyear low — even as revenue sets records](https://finance.yahoo.com/technology/article/nvidias-valuation-just-hit-a-multiyear-low--even-as-revenue-sets-records-155948933.html) — Yahoo Finance
- [SK Hynix's Blockbuster Debut; US Says Iran Talks Continue \| Bloomberg Brief 07/10/2026](https://www.bloomberg.com/news/videos/2026-07-10/bloomberg-brief-07-10-2026-video) — Bloomberg

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