Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC's Daily Open. It was a blockbuster day for chip stocks. Micron and Qualcomm both surged after delivering upbeat outlooks, with Micron claiming an unlikely crown: Wall Street's new margin king, ahead of Nvidia and Meta. But a new challenger enters the fray: South Korea's SK Hynix, which filed for a massive $29.4 billion Nasdaq ADR listing, making it the second-largest U.S. listing on record after SpaceX.