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S.Korea chip giant SK hynix seeks $29 bn in Nasdaq listing: regulatory filing
AFP56d agoneutral
S.Korea chip giant SK hynix seeks $29 bn in Nasdaq listing: regulatory filing

South Korea's SK hynix, a maker of memory chips for artificial intelligence data centres, said Wednesday it plans to raise 45.45 trillion won ($29 billion) through a listing on Wall Street's tech-heavy Nasdaq stock index.SK hynix said proceeds from the offering would be used to fund chip facilities -- including its first fab at South Korea's Yongin semiconductor cluster, an advanced packaging facility in Cheongju, and chipmaking equipment.

Nvidia pours cold water on AI fears
TheStreet56d agoneutral
Nvidia pours cold water on AI fears

Every technology boom eventually gets a villain the public can picture. For the railroads, it was land grabs. For artificial intelligence (AI), it became a data center quietly drinking a town's water while a chatbot wrote someone's emails. That picture is not imaginary. Massive computing warehouses ...

HubSpot: This Fire Sale Won't Last
Motley Fool56d agoneutral
HubSpot: This Fire Sale Won't Last

The customer relationship management platform company may have been overvalued at the start of the year, but it's now trading at a discount.