Tag: Business
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SK Hynix stock set for Nasdaq debut, opening the trillion-dollar chip giant to U.S. investors
SK Hynix has soared to a trillion-dollar market cap by serving some of the biggest names in technology, including Nvidia and Apple.
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SK Hynix’s marquee US debut set to test AI appetite
July 10 : SK Hynix’s U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors’ belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.Its American Depositary Receipts were indicated to open at $178.07 per share in early trading
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SK Hynix options to trade two business days after Nasdaq debut, sources say
July 10 : U.S. exchange operators including Cboe Global Markets and Nasdaq expect to list options on SK Hynix’s U.S.-listed shares two business days after the stock’s trading debut, two sources familiar with the matter told Reuters on Friday.The South Korean chipmaker , which raised $26.5 billion in share sal
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SpaceX’s near-term AI payoff seen tethered to Earth, not outer space
July 10 : Elon Musk may have pitched a future where space powers AI, but Wall Street analysts say SpaceX’s near-term value remains firmly tethered to Earth, where it is building out the infrastructure underpinning the AI boom.Infrastructure providers, particularly data centers, are poised to be among the bigg
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Shein could aim for September or October IPO in Hong Kong, source says
July 10 : Fast-fashion retailer Shein is likely to aim for its Hong Kong initial public offering in September or October, said a source familiar with the situation, after the company won approval from the Chinese securities regulator on Friday. Shein has indicated it could sell up to 8 per cent of its shares
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Cboe expects SK Hynix options to trade two business days after Nasdaq debut, source says
July 10 : Derivatives exchange Cboe Global Markets expects to list options on SK Hynix’s U.S.-listed shares two business days after the stock’s trading debut, a source familiar with the matter told Reuters on Friday.The South Korean chipmaker, which raised $26.5 billion in share sale, is set to make its Wall
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Philippine Air to order 15 Boeing 787-10 and nine Airbus A350-1000
PARIS/MANILA, July 10 : Philippine Airlines (PAL) is poised to order 15 Boeing 787-10 aircraft and nine Airbus A350-1000 jets, marking its first Boeing purchase in almost 20 years, industry sources said on Friday.The orders are expected to be announced at the Farnborough Airshow this month. The decision to in
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Nvidia supplier King Yuan Electronics to invest up to $1.4 billion in US facility
TAIPEI, July 10 : Taiwanese chip-testing company King Yuan Electronics (KYEC) plans to invest up to $1.4 billion to establish a facility in the United States, the supplier to chipmaker Nvidia said on Friday.King Yuan Electronics said the investment is intended to support operational growth and strengthen its
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Chip rally, Fed task forces, Delta earnings and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Oil heads for weekly gains as Middle East supply risks persist
LONDON, July 10 : Oil prices rose on Friday and were on track for weekly gains as renewed U.S.-Iran fighting disrupted shipping in the Strait of Hormuz, stoking concerns over supply disruptions.Brent futures were up 60 cents, or 0.8 per cent, at $76.90 a barrel by 1131 GMT. U.S. West Texas Intermediate (WTI)
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