WS #11812
SK Hynix shares open 14% above $149 IPO price, raising $26.5B in second-largest US IPO ever; CEO sees memory crunch extending beyond 2030. China blocks helium exports, key for chipmaking, as Iran war squeezes supply, potentially benefiting US helium producers and pressuring chip fabs. Microsoft lays off 4,800 employees (2.1% of workforce), mostly in Xbox and commercial sales, as part of restructuring for AI shift. Fidji Simo, CEO of AGI Development at OpenAI, steps down, marking a major leadership change at the AI leader. 825,000 shares of NVDA ($173.6M) traded in dark pool, indicating large institutional accumulation.
SK Hynix Historic Nasdaq IPO
SK Hynix shares open 14% above $149 IPO price, raising $26.5B in second-largest US IPO ever; CEO sees memory crunch extending beyond 2030.
China blocks helium exports, key for chipmaking, as Iran war squeezes supply, potentially benefiting US helium producers and pressuring chip fabs.
Microsoft lays off 4,800 employees (2.1% of workforce), mostly in Xbox and commercial sales, as part of restructuring for AI shift.
Fidji Simo, CEO of AGI Development at OpenAI, steps down, marking a major leadership change at the AI leader.
825,000 shares of NVDA ($173.6M) traded in dark pool, indicating large institutional accumulation.