Coatue and Baillie Gifford Are Circling SK Hynix's Nasdaq Debut
Elite investors are piling into SK Hynix's record-breaking U.S. debut, underscoring growing conviction that the AI memory boom still has plenty of room to run.
Overview
A record-setting stock listing grabs attention for its size, but I always find the more useful question is who's actually buying. In the case of SK Hynix (NASDAQ: SKHY), the South Korean memory-chip giant that just staged the biggest-ever U.S. debut by a foreign company, the answer includes some of the most respected names in growth investing.
Marquee firms Coatue Management and Baillie Gifford, along with Situational Awareness, signaled plans to buy up to $7 billion of the stock between them. When investors of that caliber elbow their way to the front of the line, it's worth understanding why.
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Originally published at www.fool.com.