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SpaceX IPO: Every ETF That Will Hold SPCX — and When
etf.com81d agoneutral
SpaceX IPO: Every ETF That Will Hold SPCX — and When

<p>SpaceX is going public on June 12 — nine days from now — at a valuation of approximately $1.75 trillion, which would make it the largest IPO in history. For ETF investors, the event is unavoidable: index rules will force an estimated $22–27 billion in automatic buying from funds tracking the S&P 500 and Nasdaq-100. Here's which ETFs will hold SpaceX, when they'll buy, and what the IPO means for your portfolio.</p>

Jobs Report: What to Watch the Rest of the Week
The Wall Street Journal82d agoneutral
Jobs Report: What to Watch the Rest of the Week

Investors are gearing up for Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh. Economists expect the report to show that U.

Nvidia CEO mounts charm push in South Korea with TV talk show, baseball appearances
Reuters82d agoneutral
Nvidia CEO mounts charm push in South Korea with TV talk show, baseball appearances

When Nvidia CEO Jensen Huang makes his second visit to South Korea in just seven months this week, it won't be only to meet top memory chip and robotics executives, but ‌to throw the first pitch at a baseball game and appear on a TV talk show. Samsung Electronics and SK Hynix between them make about 70% of the ​memory needed for AI chips like Nvidia's. And the country's strength in manufacturing and robotics sets it up to be a key player in physical AI, where AI is embedded in robots, cars and factories. "Nvidia's dependence on South Korean suppliers is rising," Jeff Kim, an analyst at Seoul-based KB Securities, wrote in a research note.

SK Hynix tells investors its US listing plan wins their strong backing, source says
Reuters82d agobullish
SK Hynix tells investors its US listing plan wins their strong backing, source says

SK Hynix told investors this week it received "tremendously positive" feedback on its proposed U.S. listing as the chipmaker benefits from strong demand for advanced ‌memory semiconductors needed to run AI data centers, a source familiar with the matter said on ‌Thursday. SK Hynix told some investors this week that it had "tremendously positive" feedback ‌from stockholders to its U.S. listing ⁠plan given AI demand and the company's competitive position in the memory-chip market, the person said. The company, a major supplier to Nvidia, expects a U.S. listing to broaden ⁠its investor base, as some U.S.-based institutional investors invest in U.S.-listed stocks only due to internal mandates, the person said.

Foxconn announces strategic collaboration with Intel on next-gen AI infrastructure
Reuters82d agoneutral
Foxconn announces strategic collaboration with Intel on next-gen AI infrastructure

TAIPEI, June 4 () - Taiwan's ‌Foxconn announced ‌on Thursday a ​strategic collaboration with Intel to jointly develop ‌and ⁠deploy next-generation AI infrastructure ⁠and intelligent computing platforms. Foxconn, ​the ​world's ​largest contract ‌electronics manufacturer, said in a statement that the partnership ‌aims ​to ​create ​comprehensive AI ‌solutions spanning silicon, ​rack, ​system and application layers.

Foxconn and Intel team up to build next-gen AI systems
Reuters82d agoneutral
Foxconn and Intel team up to build next-gen AI systems

Foxconn said on Thursday it will work with U.S. chipmaker Intel ‌to jointly develop and deploy next-generation AI infrastructure ‌and intelligent computing platforms in a move to capture booming ​demand for AI computing systems. Taiwan's Foxconn, the world's largest contract electronics manufacturer, said in a statement that the partnership would combine Intel's chip technology with Foxconn's manufacturing ‌and system-building expertise. The ⁠companies plan to work on equipment used in AI data centres, including server ⁠racks powered by Intel Xeon processors and AI accelerator chips.

Bloomberg82d agoneutral
Cerebras Says It’s Working With All AI Gear Makers Except Nvidia

(Bloomberg) -- Cerebras Systems Inc. plans to cooperate with a wide variety of suppliers of AI data center components, opening the way for further partnerships that mirror its agreement with Amazon.com Inc.Most Read from BloombergTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtRussia Finance Officials Tell Putin War Spending Is UnaffordableTikTok Billionaire Overtakes M

Oil Drops as Israel and Lebanon Agree to Conditional Ceasefire
Bloomberg82d agobearish
Oil Drops as Israel and Lebanon Agree to Conditional Ceasefire

(Bloomberg) -- Oil fell following three days of gains after Israel and Lebanon agreed to a ceasefire if Hezbollah also stops hostilities, which would remove a key sticking point in talks to end the Iran war. Most Read from BloombergTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtRussia Finance Officials Tell Putin War Spending Is UnaffordableTikTok Billionaire Overtakes