WS #11802
SK Hynix opened at $170 on Nasdaq, up 14% from $149 offer price, raising $26.5B in largest foreign IPO in US history, signaling strong AI memory chip demand and bullish for semis. European Commission ordered Meta to fix addictive design features on Facebook and Instagram, targeting infinite scroll and autoplay, creating regulatory headwind for META.
SK Hynix blockbuster Nasdaq debut
SK Hynix opened at $170 on Nasdaq, up 14% from $149 offer price, raising $26.5B in largest foreign IPO in US history, signaling strong AI memory chip demand and bullish for semis.
European Commission ordered Meta to fix addictive design features on Facebook and Instagram, targeting infinite scroll and autoplay, creating regulatory headwind for META.