Apple briefly tops Nvidia with $4.88 trillion market value
What's new: Nvidia later edged back ahead by the close, showing how fast investor sentiment is shifting around AI winners.
Subject
#Micron
IBM shares plunge 25% after Q2 results miss Wall Street estimates
What's new: IBM posted adjusted earnings of $2.93 a share on $17.2 billion in revenue, both below FactSet forecasts.
Bloomberg, CNBC +1
SK Hynix drops 15% in Seoul after $26.5 billion Nasdaq debut
Why it matters: The sell-off helped drive the Kospi down 9% and triggered a 20-minute trading halt in South Korea.
SK Hynix jumps 13% in Nasdaq debut after US$26.5 billion ADR sale
What's new: The chipmaker priced its ADRs at US$149 and plans to use the proceeds for new factories and equipment to meet AI-memory demand.
Series: Sk Hynix · Nasdaq Adr Debut · 3 chapters since Jul 10SK Hynix raises $26.5 billion in U.S. ADR sale tied to AI boom
What's new: The Nasdaq offering was more than seven times oversubscribed and will help fund new factories and chip equipment.
AI chip demand drives up laptop, phone and PS5 prices
Consumer memory supply is tightening further, and Micron expects disruptions to continue at least through 2028.
SK Hynix raises $26.5 billion in biggest US foreign listing
What's next: The Nasdaq debut gives the AI memory-chip supplier fresh capital for factories and equipment as data-center demand surges.
SK Hynix raises $26.5 billion in biggest US foreign listing
What's next: The chipmaker plans to use the money for new factories and equipment as AI memory demand keeps climbing.
Micron lifts US chip investment to $250 billion through 2035
What's new: The company also committed up to $3 billion more, including $500 million for GlobalWafers' Texas expansion.
Bloomberg, CNBC +1
Singapore’s chip exports surged as AI demand widened its lead in semiconductors
What’s new: Chips made up S$1.7 billion of Singapore’s S$3.1 billion electronics exports in March, while non-electronics exports fell 3.5% in Q1.