New Delhi, July 11 -- South Korean memory chip giant SK Hynix made a strong debut on the Nasdaq, with its U.S.-listed shares surging 13% after the company raised $26.5 billion through its American listing. The sharp gain suggests investor appetite for artificial intelligence (AI)-linked semiconductor stocks remains robust despite the recent correction in the sector.

The listing marks another milestone in the AI investment boom that has propelled semiconductor companies to record valuations as technology giants continue to spend hundreds of billions of dollars on AI infrastructure. As South Korea's second most valuable company, SK Hynix has emerged as one of the biggest beneficiaries of the AI-driven demand for advanced memory chips used ...