WS #11721
SK Hynix US IPO priced at $149/ADR with massive oversubscription; Meta plans 14GW capacity by 2027, Wolfe raises 2027 capex to $220B; chip stocks (MU, WDC, SNDK, AMD, INTC) rally strongly. Meta launches paid AI developer model (Muse Spark 1.1), confirms Iris AI chip manufacturing in September, targets 14GW capacity by 2027; Wolfe raises 2027 capex estimate to $220B. Altman says rising compute/memory costs are a headwind, but Microsoft will remain a key customer; new model 54% more token efficient.
Semiconductor Rally on SK Hynix IPO & Meta Capex
SK Hynix US IPO priced at $149/ADR with massive oversubscription; Meta plans 14GW capacity by 2027, Wolfe raises 2027 capex to $220B; chip stocks (MU, WDC, SNDK, AMD, INTC) rally strongly.
Meta launches paid AI developer model (Muse Spark 1.1), confirms Iris AI chip manufacturing in September, targets 14GW capacity by 2027; Wolfe raises 2027 capex estimate to $220B.
Altman says rising compute/memory costs are a headwind, but Microsoft will remain a key customer; new model 54% more token efficient.