WS #11773
SK Hynix's $26.5B ADS listing on Nasdaq (largest foreign IPO in US history) and strong Asian chipmaker gains lifted global semiconductor sentiment, with Seoul's Kospi up 2.52%. Indian stock markets surged with Sensex up ~700 points, led by IT stocks after TCS reported strong Q1 results and positive demand outlook. FT reports NHS hospitals admitted errors in data used to defend Palantir's $PLTR contract, raising governance risks for the company's UK healthcare expansion. Fermi stock fell after hours after pricing an upsized $375M convertible senior notes offering with capped call protection, diluting existing shareholders. A coalition of news publishers led by NYT filed a motion seeking sanctions against OpenAI for alleged evidence tampering and destruction of ChatGPT logs in copyright lawsuit. Tencent is leading a deal to unwind Meta's $2B acquisition of Manus, per FT, signaling regulatory pushback and potential antitrust concerns in AI/tech M&A.
SK Hynix Record IPO and Semiconductor Rally
SK Hynix's $26.5B ADS listing on Nasdaq (largest foreign IPO in US history) and strong Asian chipmaker gains lifted global semiconductor sentiment, with Seoul's Kospi up 2.52%.
Indian stock markets surged with Sensex up ~700 points, led by IT stocks after TCS reported strong Q1 results and positive demand outlook.
FT reports NHS hospitals admitted errors in data used to defend Palantir's $PLTR contract, raising governance risks for the company's UK healthcare expansion.
Fermi stock fell after hours after pricing an upsized $375M convertible senior notes offering with capped call protection, diluting existing shareholders.
A coalition of news publishers led by NYT filed a motion seeking sanctions against OpenAI for alleged evidence tampering and destruction of ChatGPT logs in copyright lawsuit.
Tencent is leading a deal to unwind Meta's $2B acquisition of Manus, per FT, signaling regulatory pushback and potential antitrust concerns in AI/tech M&A.