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SK Hynix Debut Tests Memory-Chip Stock Demand
Investor's Business Daily39d agobullish
SK Hynix Debut Tests Memory-Chip Stock Demand

South Korean memory-chip maker SK Hynix is poised to make its U.S. trading debut on Friday. The company will trade through American depositary receipts under the Nasdaq ticker SKHY. Late Thursday, SK Hynix sold 177.

Investing.com39d agoneutral
Netflix report flags concerns over subscriber engagement

Investing.com -- Netflix is exploring live TV channels and streaming bundles as internal discussions about declining subscriber engagement have become a recurring focus for senior management, according to the Wall Street Journal on Friday.

UK to regulate cloud service providers Microsoft, Google and others to protect financial stability
Reuters39d agoneutral
UK to regulate cloud service providers Microsoft, Google and others to protect financial stability

LONDON, July 10 () - Britain has designated cloud service providers Microsoft, Google, Amazon and Oracle as ‌critical third-party suppliers to its financial sector, bringing them ‌under direct regulatory oversight. The move is aimed at strengthening the resilience ​of financial firms by reducing the risk of widespread disruption from cyber attacks or technology outages.

South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York
Reuters39d agoneutral
South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York

When South Korean billionaire Chey Tae-won attends a bell-ringing ceremony on Friday for SK Hynix's $26.5 billion Nasdaq listing, it will mark the ultimate payoff of a bet many once considered risky: buying a loss-making chipmaker that has since become an AI powerhouse. SK ‌Group's 2012 acquisition of Hynix was viewed as problematic even within the business conglomerate: Memory chips are cyclical and capital-intensive, and the company was losing money ‌while trailing Samsung Electronics in market share and technology. But under Chey, seeking an edge over Samsung, SK Hynix has spent more than a decade betting on high-bandwidth memory (HBM) chips, at the time a niche technology.

Bloomberg39d agoneutral
A Month After SpaceX IPO, Tesla’s Stock Keeps Holding Its Ground

(Bloomberg) -- In the weeks leading up to SpaceX’s monster IPO, many Wall Street pros feared the deal represented an existential threat for Elon Musk’s other giant, Tesla Inc. But after a month in the stock market, the outcome is far from clear. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsZuckerberg Pledges ‘Aggressive’ Pricing With Meta’s First Pay-to-Use AITrump Vents Anger With Ira

Circle wins final regulatory approval to establish US trust bank, shares rise
Reuters39d agobullish
Circle wins final regulatory approval to establish US trust bank, shares rise

Circle said on Friday it has received a final regulatory approval from the U.S. ‌Office of the Comptroller of the Currency to ‌establish a national trust bank, sending the stablecoin giant's shares surging ​10% in premarket trading. • The charter allows Circle to act as custodian for its own reserves and hold crypto assets on behalf of institutional clients. • "OCC approval to ‌establish Circle National ⁠Trust marks a defining step in bringing blockchain technology and digital assets into the core ⁠of the U.S. financial system," Circle CEO Jeremy Allaire said in a statement.

The Week in Numbers: SK Hynix IPO heats up, Samsung's profit surge
Reuters Videos39d 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:&nbsp;</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."&nbsp;</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.&nbsp;</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>

Bloomberg39d agoneutral
Big Tech Doubles Debt Load to $350 Billion in AI Spending Spree

(Bloomberg) -- The largest builders of artificial intelligence data centers have doubled their debt load in the last five years, turning to borrowing to finance an unprecedented spending spree they claim is needed to transform the economy. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsZuckerberg Pledges ‘Aggressive’ Pricing With Meta’s First Pay-to-Use AITrump Vents Anger With Iran and

Bloomberg39d agoneutral
Traders Hedge for FX Volatility Return as Fed Uncertainty Builds

(Bloomberg) -- Currency traders are starting to buy protection against bigger exchange-rate swings after months of calm, as banks warn that shifting Federal Reserve expectations and elevated geopolitical tensions could be about to jolt markets.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsZuckerberg Pledges ‘Aggressive’ Pricing With Meta’s First Pay-to-Use AITrump Vents Anger With Iran

Airlines and Hyperscalers Clamor for Turbines. Only a Few Companies Make the Parts.
The Wall Street Journal39d agoneutral
Airlines and Hyperscalers Clamor for Turbines. Only a Few Companies Make the Parts.

Airlines and the hyperscalers have one thing in common: They are desperate for turbines to power their jets and data centers. At the heart of this surging demand are a few companies that manufacture the highly specialized parts. Western production of these turbine blades and vanes is concentrated in four companies, according to a report from SemiAnalysis.

Taiwanese chipmaker Nanya plans $6 billion in spending in 2027, riding AI boom
Reuters39d agoneutral
Taiwanese chipmaker Nanya plans $6 billion in spending in 2027, riding AI boom

Taiwanese memory chipmaker Nanya Technology said on Friday it plans capital spending of more than ‌T$200 billion ($6.2 billion) next year, roughly four times this year's figure, ‌amid soaring demand for memory chips as it rides an AI boom. President Pei-Ing Lee told ​an online press briefing that the preliminary expenditure plan aims to help ramp up spending on a new plant, although the budget has yet to receive board approval. Lee was speaking after Nanya reported unaudited second-quarter revenue of ‌T$82.55 billion, up 684% from ⁠a year earlier.

Bloomberg39d agoneutral
Shein Is Said to Move Ahead With Preparations for Hong Kong IPO

(Bloomberg) -- Shein Group Ltd. is moving ahead with preparatory work for a possible Hong Kong initial public offering, people familiar with the matter said, potentially capping a yearslong effort by the fast-fashion giant to go public.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsZuckerberg Pledges ‘Aggressive’ Pricing With Meta’s First Pay-to-Use AITrump Vents Anger With Iran and Warn