SK Hynix’s American depositary shares are set to make their Nasdaq debut after the South Korean memory-chip giant priced 177.9 million ADSs at $149 each, raising about $26.5 billion.Each ADS represents one-tenth of a Seoul-listed
US futures steadied on Thursday, suggesting investors were not ready to abandon risk after another flare-up in the Gulf. Fresh US strikes on Iran and Tehran’s response had briefly pushed oil higher and revived inflation
Navitas Semiconductor stock (NASDAQ: NVTS) fell sharply in pre-market trading on Wednesday after Wolfspeed accused the company of infringing patents across several core power-chip product lines.The development adds a legal overhang to one of the
The Roundhill Memory ETF (DRAM) dropped by over 6% in the premarket, reaching a low of $60.65, as memory shares tumbled following the latest Samsung earnings. DRAM has now dropped by over 25% from its
Top FTSE 100 Index stocks, including BAE Systems, Babcock International, and IAG, are rising today, even as the index remains stuck within a narrow trading range at its highest point since March this year. IAG shares
The artificial intelligence boom has a people problem, and it is getting worse faster than most investors have noticed.While Wall Street has spent the better part of three years fixating on chip stocks, hyperscaler spending,
US stock funds saw their biggest weekly exit since March, raising fresh questions about the strength of Wall Street’s rally.Investors pulled $17.2 billion from US stock funds in the week through July 1, according to
Cathie Wood’s ARK Innovation ETF has bought back into SoFi Technologies (NASDAQ: SOFI) just as the beaten-down fintech stock is trying to recover from a difficult first half of the year.ARKK bought 299,753 SoFi shares across
CrowdStrike stock (NASDAQ: CRWD) looked like it had fallen off a cliff on Thursday, with the stock moving from roughly $773 at Wednesday’s close to about $193 on split-adjusted screens.The scary-looking drop was not a
July has a strong track record for US equities, and investors are entering the month with four familiar names back in focus.The S&P 500 has historically posted its best average monthly gain in July, while
