Keyword → AI

SK Hynix Plans $29B Nasdaq ADR Listing on July 10 — HSBC Raises Price Target to 4 Million Won Ahead of Record Q2 Earnings

SK Hynix is scheduled to list its American depositary receipt on Nasdaq on July 10, targeting up to $29 billion in a deal that would give US investors direct access to the world's dominant high-bandwidth memory producer. HSBC raised its price target to 4 million won — a 20% premium above previous targets — citing improved shareholder returns and enhanced investor accessibility post-ADR. The company is expected to post Q2 operating profit of 64.44 trillion won on July 29, potentially its largest quarter ever.

Anthropic Explores Samsung 2nm Foundry Deal for Custom AI Chip — Samsung Foundry Backlog Targets 50 Trillion Won

Anthropic is in early-stage talks with Samsung Electronics to manufacture a custom AI chip using Samsung Foundry's 2-nanometer process and advanced packaging technology, according to The Information. The deal would add Anthropic to Samsung Foundry's growing AI client list alongside Tesla, Meta, and Nvidia. The development pressures Nvidia's dominant position in AI inference and signals a broader industry shift toward proprietary ASIC alternatives, echoing OpenAI's recent Broadcom 'Jalapeño' inference chip announcement.

Nasdaq-100 Futures Rebound 1.2% on July 4 Holiday as Banks Raise S&P 500 Targets — Citi Sets 8,100, Goldman Sets 8,000

Nasdaq-100 futures rose 1.2% during abbreviated Independence Day holiday trading as Asian markets staged a 2% recovery after heavy semiconductor profit-taking earlier in the week. Citi raised its S&P 500 target to 8,100 and Goldman Sachs to 8,000, with both citing AI infrastructure earnings as the primary growth driver. The recovery comes after a mid-week slide in which the PHLX Semiconductor Index fell 6.7% in a single session following a near-doubling in Q2.

Meta Platforms Rises 8.8% on Meta Compute Cloud Launch — $145B AI Capex Strategy Reframed as Revenue Asset

Meta Platforms jumped 8.8% after Bloomberg reported the company plans to launch Meta Compute, a cloud business selling excess AI computing capacity and model access externally to compete with AWS, Azure, and Google Cloud. The move reframes Meta's $125 billion to $145 billion 2026 capital expenditure plan from a spending concern to a potential revenue engine. CEO Mark Zuckerberg's pivot offered the single biggest counterweight to Wednesday's broad semiconductor and tech selloff.

Bending Spoons IPO Closes 42.8% Above $29 Price — AOL and Vimeo Owner Raises $1.68B at $25B Nasdaq Valuation

Bending Spoons, the Italian software acquirer behind AOL, Vimeo, Evernote, and Eventbrite, closed its first Nasdaq session at $41.42, up 42.8% from its $29 IPO price after raising $1.68 billion — above the $26 to $28 marketed range. The Milan-based company carries roughly $4.4 billion in debt but reported Q1 2026 revenue of $601.3 million, up 132% year-over-year, with 90% of software changes now AI-generated. IPO officially closes today under ticker BSP.

Oil Slides Below $71 as US-Iran Qatar Talks Progress — Four-Month Low Cuts Inflation Risk Ahead of Jobs Data

Crude oil fell to a four-month low below $71 a barrel after US and Iranian officials held successful indirect talks in Qatar on safe cargo passage through the Strait of Hormuz, according to diplomatic sources. The decline extends a trend from last week's Burgenstock roadmap agreement and materially eases the inflation backdrop ahead of Thursday's June nonfarm payrolls report. Energy sector stocks are under pressure while airlines and transportation stand to benefit from lower jet fuel costs.

Kroger Acquires Giant Eagle for $1.65 Billion — 197 Stores Across 5 States Expand Midwest Grocery Footprint

Kroger announced a definitive agreement to acquire Giant Eagle for $1.65 billion, comprising $1.25 billion in cash and roughly $400 million in assumed liabilities, adding 197 supermarkets and 11 standalone pharmacies across Ohio, Pennsylvania, West Virginia, Maryland, and Indiana. The deal, which carries Giant Eagle's roughly $9 billion in annual sales, is expected to close in 2027. Kroger plans to finance the acquisition with cash while maintaining its $2 billion share repurchase program.

Shutterstock Plunges 28% as Getty Images Terminates $3.7 Billion Merger — UK CMA Editorial Divestiture Condition Rejected

Shutterstock fell 28% in premarket trading after Getty Images announced it will terminate their $3.7 billion merger agreement by July 6, refusing the UK Competition and Markets Authority's condition that Shutterstock divest its editorial business. Getty's board voted unanimously against the divestiture and will now pursue a special mandatory redemption of its 10.5% senior secured notes due 2030 while engaging a financial advisor to explore strategic financing alternatives.

SK Hynix Market Cap Hits $1.35B Trillion, Overtakes Samsung — First Change in Korea's Top Spot Since 2000

SK Hynix shares jumped 5.7% to push its market capitalization to roughly $1.35 trillion, briefly overtaking Samsung Electronics as South Korea's most valuable company for the first time in 26 years. The milestone reflects SK Hynix's dominant 61% share of the high-bandwidth memory market that supplies Nvidia's AI accelerators, with shares up more than 340% year-to-date. The move reinforces bullish sentiment toward US memory peer Micron Technology and AI infrastructure names.