Barrons.com9d agobullish
Micron Rival CXMT’s Stock Soars 466% After IPO as the Memory Boom Takes a TwistSometimes three’s a crowd. But when it comes to the memory boom there’s room, and plenty of demand, for more chip makers.
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Reuters21d agobullish
Eyeing valuation jump, investors prep bids for chip giant CXMT's $8.6 billion IPOChinese investors seeking shares in CXMT's $8.6 billion IPO are betting the Chinese chipmaker's valuation will soar as much as 10-fold after its Shanghai debut on the back of an AI-led upcycle and Beijing's ambition to be technologically self-sufficient. The share offering by CXMT, or ChangXin Memory Technologies, will be Asia's biggest share sale so far this year. Wu Zhou, a fund manager at Shenzhen Deyuan Investment, said he will bid for new CXMT shares, betting that China's top memory chipmaker will one day take market share from global giants like South Korea's Samsung Electronics and SK Hynix.
Reuters Videos26d agobullishVIDEO
The Week in Numbers: SK Hynix IPO heats up, Samsung's profit surge<body><p>STORY: From a massive SK Hynix IPO to Samsung's giant profits...</p><p>This is the week in numbers.</p><p>:: $26.5 billion</p><p>$26.5 billion is how much chipmaker SK Hynix raised in a Wall Street listing on Thursday.</p><p>That was according to a U.S. regulatory filing.</p><p>A source said demand for the U.S. shares sale was more than seven times oversubscribed.</p><p>The South Korean firm is the world's leading supplier of high-bandwidth memory chips - critical features in advanced processors powering AI systems.</p><p>George Godber is a UK Fund Manager with Polar Capital: </p><p>"The chip plays have been the absolute epicenter of the AI capex spend. There's a lot of attention there. There's an awful lot of demand. There's a lot of retail interest. But it is volatile." </p><p>:: $7.7 billion</p><p>$7.7 billion is how much Apollo Global Management bid for easyJet.</p><p>The U.S. investment firm outbid a rival offer from Castlelake for the British budget airline.</p><p>EasyJet said it would support Apollo's proposal and withdrew support for Castlelake just days after agreeing in principle to a deal.</p><p>The updates sent the carrier's shares soaring during the week.</p><p>:: 46%</p><p>Close to 46% is how much Fast Retailing's profit rose during the previous quarter.</p><p>The Japanese owner of clothing brand Uniqlo said operating profit hit $1.32 billion in the three months through May.</p><p>It managed this while dealing with the Iran war's impact on supply chains and logistics.</p><p>It also put the firm on its way to an expected fifth straight year of record earnings.</p><p>:: 12</p><p>Up to 12 is how many submarines Canada could want Germany's TKMS to build for them.</p><p>TKMS beat out a competing offer from South Korea's Hanwha Ocean.</p><p>Canadian prime minister Mark Carney said Ottawa will now enter talks with the German company.</p><p>"TKMS is the best choice for Canadian workers. It will directly create and sustain an ecosystem of well over 100,000 well-paying jobs across Canada."</p><p>:: $58 billion</p><p>And $58 billion is how much operating profit Samsung flagged for the second quarter. </p><p>The South Korean tech giant expects a 19-fold leap in profits over the quarter from a year earlier, with revenue expected to soar 129%.</p><p>It comes as the global AI boom drives soaring demand for chips, sending prices for silicon sky-high.</p><p>That’s a boost for Samsung, which is the world’s largest maker of memory chips.</p></body>
TheStreet34d agobullish
After beating Samsung, tech titan files for IPOSK Hynix builds the memory chips wired into Nvidia’s most advanced AI processors, supplying a component so scarce that customers now reserve production years in advance. This week the South Korean company asked U.S. regulators for permission to list its shares on the Nasdaq for the first time in ...
Stocktwits44d agobullish
DRAM ETF Climbs 3% Premarket: Ahead Of Potential US IPO, SK Hynix Beats Samsung As South Korea’s Most Valuable CompanySK Hynix shares rose 5.6% in Seoul trading on Monday, pushing its market capitalization to $1.35 trillion.
GuruFocus.com78d agobullish
CXMT Revenue Surges 700% Ahead of Planned China IPOChinese memory chipmaker posts more than 20 billion yuan profit as AI-driven DRAM demand lifts pricing.