US equities closed higher on Friday, with the S&P 500 gaining 0.4% as Wall Street demonstrated continued appetite for beneficiaries of the artificial intelligence boom.
The broad-based rally was anchored by the stellar debut of SK Hynix on the Nasdaq, marking the first day of trading for the South Korean memory chip giant's American depositary receipts.
5 billion, one of the largest capital raises in recent history.
The positive reception of the listing helped cap a fourth consecutive winning week for the benchmark index, signaling that investor confidence in the semiconductor sector remains intact despite broader market volatility.
SK Hynix shares climbed on their first day of US trading, validating the company's strategy to tap into global capital markets.
The listing follows a massive initial public offering that raised $26.5 billion, one of the largest capital raises in recent history.
The funds are earmarked for aggressive expansion in AI memory production, reinforcing SK Hynix's position as a key supplier to the data center infrastructure driving the AI revolution.