Keyword → AI

SK Hynix $28B Nasdaq ADR Prices Today at $165.26 — Sevenfold Demand Makes It the Second-Largest Foreign Listing in US History

SK Hynix priced its Nasdaq ADR offering on Thursday, targeting approximately $28 billion at roughly $165.26 per ADR, with institutional orders covering more than seven times the shares available. Cornerstone investors including Baillie Gifford, Coatue Management, and Situational Awareness Partners indicated combined interest of up to $7 billion. Interim trading begins Friday under the ticker SKHY, with regular trading starting Monday. The deal is the second-largest US listing by a foreign company, behind only SpaceX's $85.7B IPO last month.

Arista Networks Hits All-Time High of $181.05 After 8.8% Rally — Q2 Earnings Set for August 4 With $11.5B Full-Year Guidance in Focus

Arista Networks closed at an all-time high of $181.05 on Wednesday after an 8.8% single-session rally, driven by BlackRock naming it one of its top 30 AI infrastructure stocks alongside validated deployments of its new 1.6-terabit 7060XE7 switching platforms with Meta, Microsoft, and Oracle. The stock carries $8.9 billion in multi-year purchase commitments and full-year AI revenue guidance of $3.5 billion. Second-quarter results are due August 4. The stock is up roughly 70% over the past 12 months.

Trump Declares Iran Ceasefire 'Over' After Strait of Hormuz Ship Attacks — Brent Crude Spikes 5.2% to $78

President Trump declared the US-Iran memorandum of understanding 'over' after American forces struck Iran in retaliation for attacks on three commercial vessels in the Strait of Hormuz. Brent crude jumped 5.2% to $78.02, WTI rose 4.9% to $73.89, and the Dow fell more than 500 points. Trump threatened further strikes 'tonight,' while Iran's foreign ministry condemned the US military action as a gross violation of the ceasefire. Energy stocks gained; tech and semis sold off.

ExxonMobil Gains 1.6%, Chevron 1.9%, ConocoPhillips 2.2% as Iran Re-Escalation Reverses Energy Sector's June Slide

ExxonMobil, Chevron, and ConocoPhillips gained 1.6%, 1.9%, and 2.2% respectively as Iran's renewed attacks on Strait of Hormuz shipping reversed the oil supply easing trade that had weighed on energy stocks since the June ceasefire. The US Treasury also revoked the waiver allowing Iran to sell oil globally, a move that could materially re-tighten the crude market. Energy is the sole S&P 500 sector in positive territory as broader equity markets sink.

Iran's IRGC Fires Missiles at Two Strait of Hormuz Vessels — Brent Crude Rises $0.50 to $72.49 as Peace Deal Durability Questioned

Iran's Islamic Revolutionary Guard Corps reportedly fired missiles at two commercial vessels transiting the Strait of Hormuz, pushing Brent crude 50 cents higher to $72.49 per barrel and raising fresh doubts about the durability of the U.S.-Iran peace framework. A tanker was hit off the coast of Oman, causing a fire with no reported casualties, according to UK Maritime Trade Operations. The incident arrives as both sides are still negotiating a permanent settlement, with US forces expected to assess retaliatory options.

Dow Gains 83 Points to Record High as Dow Rotates Away from AI Chips — S&P 500 and Nasdaq Fall 0.2% and 0.7%

The Dow Jones Industrial Average rose 83 points, or 0.2%, to a fresh all-time intraday high, while the S&P 500 fell 0.2% and the Nasdaq Composite declined 0.7% as investors rotated out of semiconductor names following Samsung's disappointing revenue guidance. Micron fell 5%, the VanEck Semiconductor ETF dropped more than 3%, and chipmakers including KLA, Marvell, Broadcom, and AMD all declined. Gains in JPMorgan, Microsoft, Eli Lilly, and Walmart offset selling pressure in the broader market.

Foxconn Q2 2026 Revenue Hits $78.71B, Up 39.8% YoY — AI Server Division Nears Half of Total Sales as NVDA Supply Chain Signals Demand Holds

Foxconn posted Q2 2026 revenue of $78.71 billion, up 39.8% year-over-year and beating Reuters/LSEG estimates of $72.7 billion, as its cloud and networking division — which houses AI server production for Nvidia — approaches half of total company sales. June alone surged 52.1% year-over-year to a monthly record. Management guided for Q3 growth both sequentially and annually. The print directly lifts Nvidia sentiment and provides a key third-party validation of sustained AI infrastructure spending ahead of earnings season.

Samsung Q2 2026 Earnings Preview: Operating Profit Seen at 84.6–86 Trillion Won, Up 18x YoY — HBM Progress Is the Only Variable That Matters

Samsung Electronics releases preliminary Q2 2026 results Tuesday, with consensus operating profit forecasts ranging from 80 to 92 trillion won — a potential 18-fold year-over-year surge driven by a 44% rise in DRAM prices and 53% rise in NAND prices during the quarter. The result could briefly surpass Nvidia's Q1 profit of $53.54 billion. Samsung shares gained 4% on Monday to 325,000 won. Investors are focused less on the headline beat and more on HBM certification progress with Nvidia's Vera Rubin platform.

Tech Stocks Rebound After Holiday with Nasdaq-100 Futures Up 1% — AI Chip Slide Pauses as SMH Gains 2.4% Pre-Market

Nasdaq-100 futures climbed 1% and S&P 500 contracts rose 0.4% Monday as technology stocks rebounded from a late-June AI chip pullback that had briefly wiped $1 trillion in semiconductor market value. The VanEck Semiconductor ETF rose 2.4% pre-market. Last week, the Dow gained 2%, the S&P 500 added 1.8%, and the Nasdaq rose 2.1%, capping the best quarter since 2020. Monday's advance is also supported by Foxconn's record Q2 revenue print and the SpaceX Nasdaq-100 inclusion mechanics.