SK Hynix’s American depositary shares are set to make their Nasdaq debut after the South Korean memory-chip giant priced 177.9 million ADSs at $149 each, raising about $26.5 billion. Each ADS represents one-tenth of a Seoul-listed common share, giving US investors direct access to one of the biggest beneficiaries of the AI infrastructure boom. The… Continue reading Thinking of investing in SK Hynix ADS today? Here are 5 must-know risks and catalysts
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Vodafone shares jump as UAE’s e& exits with $5.9B stake sale to Xavier Niel
Vodafone shares jumped nearly 13% on Friday. The surge came after UAE telecom operator e& agreed to sell its entire stake in the British telecom company. The buyer is Vega, an investment vehicle wholly owned by the family group of French billionaire Xavier Niel. The deal is valued at nearly $6 billion. Under the binding… Continue reading Vodafone shares jump as UAE’s e& exits with $5.9B stake sale to Xavier Niel
OpenAI and Google AI model access for Chinese firms sparks policy debate
OpenAI and Google have confirmed that they supplied advanced artificial intelligence services to Singapore-based subsidiaries of Alibaba, Baidu, and Tencent, companies that the US government has accused of having links to China’s military. The disclosures have renewed debate over whether Washington should tighten export controls on advanced AI models in addition to restrictions on semiconductor… Continue reading OpenAI and Google AI model access for Chinese firms sparks policy debate
Broadcom stock’s latest catalyst targets Nvidia where it looks strongest
Broadcom’s latest challenge to Nvidia is not another processor designed to replace its market-leading GPUs. It targets the network that enables thousands of those processors to operate as a single computing system. DriveNets on July 1 unveiled two AI-networking platforms built around Broadcom’s Tomahawk 6 switch chip. The systems promise faster connections with fewer networking… Continue reading Broadcom stock’s latest catalyst targets Nvidia where it looks strongest
easyJet share price in focus as Apollo tables richer bid to outflank Castlelake
easyJet share price will be in the spotlight today as a new bid from a giant American private equity company emerged. The stock ended Thursday at 588p, a few points below the weekly high of 621p. Apollo Global Management has placed a bid for easyJet easyJet, one of the top discount airlines in Europe, is… Continue reading easyJet share price in focus as Apollo tables richer bid to outflank Castlelake
Wall Street banks hit a $260 million jackpot on SK Hynix’s mega deal
SK Hynix’s banks earned nearly $260 million in fees from the South Korean chipmaker’s US share sale, giving Wall Street a richer payday by percentage than last month’s record SpaceX listing. The fee pool shows how strongly banks can still monetise the AI capital-raising boom, even when headline economics look thinner than in traditional initial… Continue reading Wall Street banks hit a $260 million jackpot on SK Hynix’s mega deal
Kospi Index jumps as Samsung, SK Hynix lead, but beware of key risks
South Korea’s Kospi Index jumped by over 4% on Friday, capping a highly volatile week that saw it plunge to 7,060, its lowest level since May 20. It remains in a local bear market after falling by 20% from its highest point this year. Samsung and SK Hynix jumps The main driver for the ongoing… Continue reading Kospi Index jumps as Samsung, SK Hynix lead, but beware of key risks
Bitcoin price prediction as Crypto Fear and Greed Index jumps despite Strategy sales
Bitcoin price has held steady in the past few days, moving from this month’s low of $57,725 to the current $64,000. It has flipped a crucial resistance level into a support, and formed a bullish pattern, pointing to more gains as the Crypto Fear and Greed Index rises. Bitcoin price rises as the Crypto Fear… Continue reading Bitcoin price prediction as Crypto Fear and Greed Index jumps despite Strategy sales
SK Hynix’s $26.5 billion Nasdaq debut explained: what investors should know
SK Hynix raised about $26.5 billion after pricing 177.9 million American depositary shares at $149 each. The fresh raise sets up a closely watched Nasdaq debut that will test Wall Street’s appetite for the AI-memory boom. Demand exceeded the available stock by more than seven times, despite a recent pullback in global chip shares. The… Continue reading SK Hynix’s $26.5 billion Nasdaq debut explained: what investors should know