← Watchtower
July 10, 2026

SK Hynix just raised $26.5B in its US listing, the biggest share sale ever done in America by a foreign company.

It starts trading today.

It's Nvidia's primary and strategic supplier of high-bandwidth memory, a key component in the accelerators used for AI compute.

Revenue is expected to more than triple this fiscal year to $237B, and the stock is valued at 6x forward earnings.

It's a rare combination: the stock is in both Bastion's Growth Rocket and Smart Value portfolios.