WS #11805
SK Hynix opens at $170 (14% above $149 offer), raising $26.5B in largest foreign IPO in US history; stock continues to rise in early trading. Meta plans to begin mass production of its own AI chip in September, aiming to cut dependence on Nvidia; stock jumps nearly 6%. Fed's monetary policy report acknowledges high inflation due to tariffs, signaling rates may stay higher for longer.
SK Hynix Record Nasdaq Debut
SK Hynix opens at $170 (14% above $149 offer), raising $26.5B in largest foreign IPO in US history; stock continues to rise in early trading.
Meta plans to begin mass production of its own AI chip in September, aiming to cut dependence on Nvidia; stock jumps nearly 6%.
Fed's monetary policy report acknowledges high inflation due to tariffs, signaling rates may stay higher for longer.