Given how many times most investors have seen it before, it would be easy to assume an insider or founder is just using the market’s recent strength to cash in — by getting out — while valuations are high.
That’s not the case here, though
Every penny of SK Hynix’s (NASDAQ: SKHY) recent public offering is going into the company’s war chest. Much of it’s already earmarked, in fact, to capitalize on an opportunity that’s going to continue growing for the foreseeable future. Here’s what you need to know.
SK Hynix in the spotlight It’s possible you’re regularly relying on its hardware without even realizing it. See, SK Hynix makes computer memory of all sorts, including data storage (NAND solid state drives), DRAM (your device’s capacity to manage information and handle different tasks whenever it’s turned on), and perhaps most notably right now, the high-bandwidth memory — or HBM — increasingly being used in artificial intelligence computing. Last year, the now-$1 trillion South Korean company turned $65 billion worth of revenue (up 47% year over year) into net income of nearly $29 billion.