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Markets waver as SK Hynix’s U.S. IPO looms big
business22 hours ago

Markets waver as SK Hynix’s U.S. IPO looms big

U.S. stocks opened mixed ahead of SK Hynix’s record US listing, the largest-ever foreign IPO, with the Dow up about 0.1%, the S&P 500 flat, and the Nasdaq down roughly 0.2 as chip names tug on tech shares. Oil prices also edged higher near $72 for WTI and over $76 for Brent amid renewed Middle East tensions and slower traffic through the Strait of Hormuz. Delta Air Lines fell on higher fuel costs, though it beat earnings estimates and reinstated full-year guidance.

via Yahoo Finance|
#business#dow-jones#ipo
AI-memory boom fuels SK Hynix’s record US IPO
business1 day ago

AI-memory boom fuels SK Hynix’s record US IPO

South Korea’s SK Hynix raised $26.5 billion in a record-breaking US IPO by selling 177.9 million ADS at $149 each on Nasdaq, making it the largest ever listing by a foreign company in the US and the second-largest IPO globally after SpaceX. The deal was about seven times oversubscribed, underscoring strong demand for AI-related memory chips as SK Hynix reports robust profits and aligns with a broader $1 trillion AI investment push with Samsung, fueling a rally in Korea’s stock market.

via Al Jazeera|
#ads#business#ipo
SK hynix gears up for a $26.5B Nasdaq debut to ride AI-driven memory demand
business1 day ago

SK hynix gears up for a $26.5B Nasdaq debut to ride AI-driven memory demand

South Korea’s SK hynix priced a US listing on Nasdaq to raise about $26.5 billion via American depositary shares, issuing roughly 177.9 million ADS at $149 each (representing one-tenth of a share) after a deal more than seven times oversubscribed. The offering, led by major banks, aims to fund a Yongin fabrication hub and an advanced packaging plant in Cheongju as AI demand boosts high-bandwidth memory chips, solidifying SK hynix’s position alongside Samsung and Micron in the $1 trillion-plus memory-chip arena.

via The Guardian|
#ai#business#hbm-memory
SK Hynix prices US IPO at $149 per ADS, aiming to raise $28B
business1 day ago

SK Hynix prices US IPO at $149 per ADS, aiming to raise $28B

SK Hynix priced its US IPO at $149 per American Depositary Share, selling 177.9 million ADS (equivalent to 17.79 million shares) to trade on Nasdaq as SKHY and aiming to raise about $28 billion—the largest foreign listing in history. Demand reportedly seven times the shares, with the funds earmarked to expand memory-chip manufacturing to meet AI-driven demand for high-bandwidth memory (HBM) and storage chips; the company is a leading HBM supplier with a sizable market share, giving US investors easier access to the memory stock boom.

via Yahoo Finance|
#ads#business#hbm-memory
SK Hynix launches US IPO to cash in on AI-driven memory demand
business1 day ago

SK Hynix launches US IPO to cash in on AI-driven memory demand

SK Hynix is set to price and debut on the Nasdaq with a US listing (ticker SKHY) after offering 177.9 million American Depositary Shares, equivalent to 17.79 million ordinary shares, in a deal that could raise about $28 billion — potentially the largest foreign listing ever. Demand for the sale is reported as roughly seven times the available shares, underscoring strong appetite for memory makers amid persistent AI-related memory shortages. The proceeds would fund new manufacturing capacity to meet high-bandwidth memory and storage needs, with Micron and Samsung also pursuing long-term supply arrangements. US investors gain easier access to SK Hynix exposure, though the memory cycle remains volatile and shortages could linger into the 2030s.

via Yahoo Finance|
#business#hbm#ipo
Grantham: SpaceX's IPO Will Be a Laughable History Lesson
investing2 days ago

Grantham: SpaceX's IPO Will Be a Laughable History Lesson

GMO co-founder Jeremy Grantham calls Elon Musk’s SpaceX IPO the “craziest in the history of man” and says future historians will laugh at it, even as SpaceX becomes part of the Nasdaq 100. Analysts are mixed on how high SpaceX can go, with targets ranging from about $205 to $300, while the stock sits near launch price. Grantham also questions governance given Musk’s 82% voting control and warns the venture’s success may hinge on massive AI developments, suggesting the IPO could become a landmark historical event regardless of near-term price action.

via Fortune|
#elon-musk#investing#markets
Nasdaq Leads Gains as Tech Jitters Ease, S&P and Dow Rise
business4 days ago

Nasdaq Leads Gains as Tech Jitters Ease, S&P and Dow Rise

U.S. stocks rose on Monday as tech jitters eased, with the Nasdaq Composite up about 1%, the S&P 500 higher around 0.6%, and the Dow edging into gains after a holiday-shortened week. AI-related momentum helped lift tech names as Nvidia supplier Hon Hai posted stronger quarterly sales, with Samsung’s results due next, while oil prices stayed roughly unchanged after OPEC+ signaled higher output. Investors also watched for steady U.S. services data and awaited the Fed minutes for further signals on policy.

via Yahoo Finance|
#ai#business#dow-jones
Hynix eyes $28B US IPO to fuel AI-era memory push
business4 days ago

Hynix eyes $28B US IPO to fuel AI-era memory push

SK Hynix aims to raise about $28 billion in a US IPO on Nasdaq, offering roughly 17.79 million common shares to fund capital expenditures for expanding production in South Korea and purchasing EUV lithography scanners, as AI-related demand for high-bandwidth memory drives investor interest; demand for the offering has already exceeded ADR supply.

via Yahoo Finance|
#ai#business#ipo
Nasdaq-led rally: tech jitters ease bolster stocks
business4 days ago

Nasdaq-led rally: tech jitters ease bolster stocks

U.S. stocks edged higher as tech jitters cooled: the Nasdaq Composite rose about 0.8%, the S&P 500 gained roughly 0.5%, and the Dow ticked up around 0.2%. Strength in tech names helped the mood after a recent chip slump, with Nvidia-related signals and anticipation of Samsung’s results supporting optimism. Oil prices fell on higher OPEC+ output and easing inflation worries tied to the Strait of Hormuz reopening. Investors awaited Monday’s services data for economic clues and the Fed minutes for any rate guidance.

via Yahoo Finance|
#business#dow-jones#nasdaq
Nasdaq slump drags Samsung and SK Hynix lower as AI-capex push intensifies
business9 days ago

Nasdaq slump drags Samsung and SK Hynix lower as AI-capex push intensifies

Samsung Electronics and SK Hynix tumbled on a broad Nasdaq-driven tech selloff, wiping out billions in value and pulling Korea’s Kospi lower. SK Hynix outlined a large Korea-focused investment plan to expand memory and AI chip production (M17 and related facilities) as it and the industry bet on rising demand for AI infrastructure, with government backing a nationwide push toward AI data centers and a national semiconductor ecosystem; SK Hynix is also preparing to begin trading ADRs on Nasdaq.

via CNBC|
#ai-data-centers#business#nasdaq
Chip Rally Drives Dow to Fresh High; S&P 500 Caps Best Quarter Since 2020
markets10 days ago

Chip Rally Drives Dow to Fresh High; S&P 500 Caps Best Quarter Since 2020

US stocks rose on the last trading day of the second quarter of 2026, with the Dow nudging to a fresh record above 52,000, the S&P 500 up 0.8% for its best quarter since 2020, and the Nasdaq up about 1.5% as chip stocks led the rally; the Philadelphia SOX posted its best quarter on record. Investors weighed a stronger dollar and yen weakness against signs of Fed independence after a Supreme Court ruling and potential US-Iran talks, while oil slid and markets awaited the June jobs report.

via Yahoo Finance UK|
#chip-stocks#dow-jones#markets