AI TRENDS | SK Hynix and CXMT IPO Plans Highlight Investor Focus on AI Infrastructure

SK Hynix is preparing a U.S. listing of roughly $24.5 billion to $28 billion that is reportedly more than seven times oversubscribed. According to NS3.AI, the scale of these AI-related listings is adding to concerns that capital is being directed toward AI infrastructure rather than crypto markets. In a separate deal, CXMT is set to begin book building on July 15 for a 29.5 billion yuan initial public offering in Shanghai. The developments underscore strong investor demand for large AI and semiconductor-linked offerings, while raising questions about whether funding and attention are shifting away from cryptocurrencies.