6 days ago
SK Hynix filed a Korea Exchange regulatory denial of reports it would acquire Intel's Ohio fab; SKHY shares dropped 4% but then trimmed the loss to 2%.
Micron stock held flat and Western Digital stock rose 2%, confirming that the sell-off is mainly SK Hynix-specific rather than a broad memory sector retreat.
SK Hynix's role as NVIDIA's primary HBM supplier stays intact, with its July 29 earnings the next catalyst for shipment and spending guidance.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Shares of SK Hynix (NASDAQ:SKHY) are trading lower this Wednesday morning, with SK Hynix stock down 2% to $167.72 after an early dip of 4%. The Korean memory giant pared much of that loss after issuing a formal denial of a Korea JoongAng Daily report claiming it was in talks to acquire Intel's (NASDAQ:INTC) under-construction Ohio semiconductor fab campus.
#skhy
Micron stock held flat and Western Digital stock rose 2%, confirming that the sell-off is mainly SK Hynix-specific rather than a broad memory sector retreat.
SK Hynix's role as NVIDIA's primary HBM supplier stays intact, with its July 29 earnings the next catalyst for shipment and spending guidance.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Shares of SK Hynix (NASDAQ:SKHY) are trading lower this Wednesday morning, with SK Hynix stock down 2% to $167.72 after an early dip of 4%. The Korean memory giant pared much of that loss after issuing a formal denial of a Korea JoongAng Daily report claiming it was in talks to acquire Intel's (NASDAQ:INTC) under-construction Ohio semiconductor fab campus.
#skhy
13 days ago
Key Takeaways
Fed Chair Kevin Warsh ruled out Federal Reserve bailouts for crypto or stablecoins during a market crisis.
Despite his pro-crypto views, Warsh said investors, not the Fed, must bear market risks.
The comments come days before the key GENIUS Act rulemaking on stablecoin regulation and bank participation.
Federal Reserve Chair Kevin Warsh told the House Financial Services Committee on July 14 that the central bank will not rescue cryptocurrency or stablecoins if the sector faces a run, delivering the message in his first congressional testimony since taking the chair in May.
Fed Chair Kevin Warsh ruled out Federal Reserve bailouts for crypto or stablecoins during a market crisis.
Despite his pro-crypto views, Warsh said investors, not the Fed, must bear market risks.
The comments come days before the key GENIUS Act rulemaking on stablecoin regulation and bank participation.
Federal Reserve Chair Kevin Warsh told the House Financial Services Committee on July 14 that the central bank will not rescue cryptocurrency or stablecoins if the sector faces a run, delivering the message in his first congressional testimony since taking the chair in May.
18 days ago
The S&P 500 (SNPINDEX:^GSPC) gained 0.42% to 7,575.39 as it neared a weekly gain, the Nasdaq Composite (NASDAQINDEX:^IXIC) rose 0.29% to 26,281.61 amid record tech insider buying, and the Dow Jones Industrial Average (DJINDICES:^DJI) added 0.29% to $52,637.01, supported by broad-based buying in banking shares.
Gold prices fell 0.47% to $4,112.62 an an ounce, and the 10-Year Treasury yield gained 0.02% to 4.56%. Most sectors finished in the green, with communications and financial services stocks leading the gainers, while industrial and healthcare stocks slid.
SK Hynix soared 13% in its record-breaking $26.5 billion Wall Street debut, while EquipmentShare surged 17% after raising its 2026 outlook. WD-40 Company climbed 11% on strong third-quarter results, and Meta Platforms extended its gains, taking it to a 15% increase in the past week and making it the top Magnificent Seven performer today.
Major U.S. indexes climbed today as traders looked past tensions in the Middle East and prepared for the upcoming earnings season. SK Hynix began trading on the Nasdaq, marking the largest foreign IPO to date. Competitors such as Micron Technology slipped as the new entrant took market share. However, comments from SK Hynix Chief Executive Officer Kwak Noh-Jung suggest potential resilience in the sector — he believes memory-chip shortages will persist beyond 2030.
Another optimistic signal is that a record number of tech insiders have bought their own stock over the past six months, reflecting internal confidence even as investors are becoming cautious about high levels of AI capital expenditure.
Gold prices fell 0.47% to $4,112.62 an an ounce, and the 10-Year Treasury yield gained 0.02% to 4.56%. Most sectors finished in the green, with communications and financial services stocks leading the gainers, while industrial and healthcare stocks slid.
SK Hynix soared 13% in its record-breaking $26.5 billion Wall Street debut, while EquipmentShare surged 17% after raising its 2026 outlook. WD-40 Company climbed 11% on strong third-quarter results, and Meta Platforms extended its gains, taking it to a 15% increase in the past week and making it the top Magnificent Seven performer today.
Major U.S. indexes climbed today as traders looked past tensions in the Middle East and prepared for the upcoming earnings season. SK Hynix began trading on the Nasdaq, marking the largest foreign IPO to date. Competitors such as Micron Technology slipped as the new entrant took market share. However, comments from SK Hynix Chief Executive Officer Kwak Noh-Jung suggest potential resilience in the sector — he believes memory-chip shortages will persist beyond 2030.
Another optimistic signal is that a record number of tech insiders have bought their own stock over the past six months, reflecting internal confidence even as investors are becoming cautious about high levels of AI capital expenditure.
21 days ago
Manuel Alba, the chairman of the board of Astera Labs, Inc. (NASDAQ:ALAB), sold ~137,000 shares of common stock on July 1, for a total value of approximately $60.5 million. SEC Form 4 filing.
Metric
Value
Transaction value
$60.5 million
Metric
Value
Transaction value
$60.5 million
25 days ago
Dow Jones futures will open Sunday evening after a holiday weekend. On Friday, Dow futures lost a fraction while S&P 500 futures and especially Nasdaq futures rose.
The stock market showed saw solid to strong weekly gains on the major indexes. But the Dow Jones hit record highs Thursday while the Nasdaq slipped below key moving averages amid hefty losses in AI names. Biotechs and many medical groups did well, along with several other groups.
Apple (AAPL) and Robinhood Markets (HOOD) made bullish moves Thursday, but Tesla (TSLA) tumbled despite easily beating delivery forecasts, a day after sister company ****** eX (SPCX) gave up an aggressive entry. Sandisk broke below a key level for the first time in months, offering a possible sell signal.
Investors should be cautious amid the current volatility and sector rotation, perhaps cutting exposure in AI leaders.
Delta Air Lines (DAL) will report earnings next Friday while Taiwan Semiconductor (TSM) will release June sales. South Korean memory giant SK Hynix (SKHY) will begin trading on the Nasdaq on July 10.
The stock market showed saw solid to strong weekly gains on the major indexes. But the Dow Jones hit record highs Thursday while the Nasdaq slipped below key moving averages amid hefty losses in AI names. Biotechs and many medical groups did well, along with several other groups.
Apple (AAPL) and Robinhood Markets (HOOD) made bullish moves Thursday, but Tesla (TSLA) tumbled despite easily beating delivery forecasts, a day after sister company ****** eX (SPCX) gave up an aggressive entry. Sandisk broke below a key level for the first time in months, offering a possible sell signal.
Investors should be cautious amid the current volatility and sector rotation, perhaps cutting exposure in AI leaders.
Delta Air Lines (DAL) will report earnings next Friday while Taiwan Semiconductor (TSM) will release June sales. South Korean memory giant SK Hynix (SKHY) will begin trading on the Nasdaq on July 10.
