Market Update

SK Hynix Makes Historic Nasdaq Debut as Banks Prepare for Earnings

SK Hynix raises over $26 billion in the second-largest U.S. listing ever. Analysts also preview upcoming bank earnings and review recent tech stock movements.

SK Hynix began trading on the Nasdaq, raising over $26 billion and closing 13% above its opening price, marking the second-largest U.S. listing ever.

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44 minJul 10, 2026CNBC's "Fast Money"

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SK Hynix Debuts on the Nasdaq… And Looking Ahead to Big Bank Earnings Results 7/10/26

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Key takeaways

What to know before you press play.

01

SK Hynix IPO Success

SK Hynix debuted on the Nasdaq as the second-largest U.S. listing ever, raising over $26 billion and closing 13% above its opening price.

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02

Analyst Insight on SK Hynix

Tech strategist Dan Ives analyzed the implications of the IPO for the memory market and the future direction of the South Korean tech giant.

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03

Bank Earnings Preview

Traders discussed expectations for an upcoming strong earnings season for big banks, evaluating the sustainability of the results.

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04

Tech and Travel Stock Movements

Apple traded near record highs, Meta experienced its best week since 2024, and Delta shares slipped despite beating earnings expectations.

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Ask GenPod next

Keep the question moving.

01

What factors contributed to SK Hynix closing 13% above its opening price?

02

Which specific banks are expected to report strong earnings next week?

03

Why did Delta shares slip despite beating earnings expectations?

Background reading

The context behind the episode.

Market Context

SK Hynix and the Memory Market

The debut of SK Hynix on the Nasdaq represents a significant moment for the semiconductor industry. Analysts are examining what this listing means for the broader memory market and the company's trajectory.

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Questions

Questions to carry into the episode.

How much capital did SK Hynix raise in its Nasdaq debut?

SK Hynix raised over $26 billion.

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What was the performance of SK Hynix shares on their first day?

The shares closed 13% above the opening price.

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What is the outlook for big bank earnings?

Wall Street is expecting good results, with traders discussing their long-term sustainability.

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How did Apple and Meta perform recently?

Apple traded near record highs, and Meta had its best week since 2024.

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What happened to Delta shares despite strong earnings?

Delta shares slipped even though its earnings report soared above expectations.

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Experts

Voices named in the source.

Dan Ives

Tech strategist and analyst

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Sources and disclosure

Where this guide comes from.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

  1. Publisher show notes

    SK Hynix begins trading on the Nasdaq in the second largest U.S. listing ever, raising over $26 billion and closing 13% above opening price.

  2. Publisher show notes

    Tech strategist and analyst Dan Ives breaks down where the South Korean tech giant is heading next and what the IPO means for the memory market.

  3. Publisher show notes

    Then, big banks heading into another strong earnings season next week.

  4. Publisher show notes

    The traders lay out why Wall Street is expecting good results, and whether the results are sustainable long-term.

  5. Publisher show notes

    Plus, Apple trading near record highs, Delta shares slipping despite its earnings report soaring above expectations, and Meta’s best week since 2024.

  6. Publisher show notes

    Fast Money Disclaimer

  7. Publisher show notes

    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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