WS #11714
SK Hynix begins trading on Nasdaq Friday; deal >7x covered at ~$28-29B; KOSPI in bear market (-22-24%) as retail levered ETF flows dominate; Meta Iris AI chip production starts September, bullish for custom ASIC (AVGO). Rackspace Technology lowers FY26 revenue guidance from $2.60B-$2.70B to $2.45B-$2.55B; announces capital raise; Palantir names it preferred partner in regulated markets. KeyBanc downgrades Salesforce (CRM) to Sector Weight citing slow Agentforce adoption and weak customer feedback.
SK Hynix US Listing & Semiconductor Flows
SK Hynix begins trading on Nasdaq Friday; deal >7x covered at ~$28-29B; KOSPI in bear market (-22-24%) as retail levered ETF flows dominate; Meta Iris AI chip production starts September, bullish for custom ASIC (AVGO).
Rackspace Technology lowers FY26 revenue guidance from $2.60B-$2.70B to $2.45B-$2.55B; announces capital raise; Palantir names it preferred partner in regulated markets.
KeyBanc downgrades Salesforce (CRM) to Sector Weight citing slow Agentforce adoption and weak customer feedback.