Apple briefly tops Nvidia with $4.88 trillion market value
What's new: Nvidia later edged back ahead by the close, underscoring a tight race as investors reassess which AI bets will pay off.
Subject
#Micron Technology
Apple tops Nvidia in market value as AI trade broadens
What's new: Apple hovered near a $4.88 trillion valuation while Nvidia slid about 3%, narrowing the chipmaker's yearlong lead.
SK Hynix sinks 15% in Seoul as post-Nasdaq rally reverses
What's new: The sell-off helped drive the Kospi down 9% and triggered a 20-minute trading halt in South Korea.
Bloomberg, MarketWatch
SK Hynix drops 15% in Seoul after $26.5 billion Nasdaq debut
What's new: The selloff helped drive the KOSPI down 9% and triggered a 20-minute trading halt in South Korea.
SK Hynix jumps 13% in Nasdaq debut after $26.5 billion ADR sale
What's new: The South Korean chipmaker's US listing was oversubscribed more than sevenfold and will fund new AI-memory capacity.
Series: Sk Hynix · Nasdaq Adr Debut · 3 chapters since Jul 10SK Hynix US share sale draws 7 times demand ahead of pricing
What's next: The chipmaker aims to raise about $28 billion, with Nasdaq trading set to start Friday before regular trading on July 13.
Samsung Q2 operating profit jumps 19-fold to 89.4 trillion won
What's new: The preliminary result beat analyst forecasts as AI-driven shortages lifted DRAM and NAND prices sharply.
Bloomberg, The Business Times (Singapore) +1
Micron jumps 16% after AI-driven forecast tops Wall Street
What's new: Micron projected fiscal fourth-quarter revenue of about $50 billion, far above the $43.2 billion analysts expected.
Bloomberg, The Business Times (Singapore)
Micron revenue quadrupled to $41.46 billion as AI memory demand surged
What's next: The chipmaker forecast about $50 billion in current-quarter revenue, well above analyst estimates of $43.58 billion.
Bloomberg, CNBC +1
Asian stocks jump as Micron outlook revives AI chip rally
What's new: Nasdaq 100 futures rose nearly 2% and oil fell below pre-war levels, easing pressure on regional markets after a two-day slide.
SK Hynix targets $29.4 billion US listing to expand AI chip output
What's next: Trading is expected to begin July 10, in a deal that would rank among the five biggest share sales ever.
Bloomberg, The Business Times (Singapore) +2
Asian stocks jump as Micron outlook lifts chip shares
What's new: South Korea's Kospi surged nearly 6%, while Nasdaq 100 futures climbed about 2% after Micron projected another record quarter.
Nasdaq drops 2% as AI sell-off hammers Micron, Nvidia and chip stocks
What's next: Investors are watching Micron earnings Wednesday for clues on whether the AI spending boom can still support rich valuations.
Bloomberg, BBC News (US & Canada) +3
Asian stocks tumble as tech sell-off knocks Kospi down more than 6%
What's next: Micron results on Wednesday will test whether AI spending can keep driving the chip rally across Asia.
US stocks rise as chip rebound lifts Nasdaq, Intel jumps 8.5%
What's next: Investors are watching Wednesday's CPI report for signs that higher oil prices could feed inflation and keep the Fed hawkish.