The US stock market's hottest new offerings are having a rough go
ANGELA WEISS / AFP via Getty Images The stock market's most hyped offerings this year have struggled since their debut. SK Hynix is the latest example, with the US-listed ADRs down 10% in their second day of trading. The hottest IPOs have arrived at an awkward moment in the market as investors reassess the AI trade. Some of the hottest new listings are having trouble keeping the momentum going after much-hyped debuts. SK Hynix is the latest example of a stock struggling after a splashy initial offering. While technically not a new IPO, momentum behind the South Korean chipmaker's American depositary receipts has fizzled in the days since they were priced last Thursday. The ADRs fell by nearly 10% on Monday after a brutal day of selling dragged the Korean-listed shares down 15%. While the ADRs are still trading slightly above the offering price of $149, they've tumbled sharply from Friday's high around $175 as the chip trade struggles and memory makers fight against do...