WS #11891
SK Hynix's $28 billion ADR offering was 7x oversubscribed and shares surged 14% on first trading day, signaling strong AI memory demand. Apple filed a lawsuit against OpenAI alleging theft of trade secrets related to hardware development, escalating corporate tensions. Micron announced $250 billion in US AI investments, stock rose 7%, reinforcing AI infrastructure spending theme.
SK Hynix ADR Oversubscribed and Surge
SK Hynix's $28 billion ADR offering was 7x oversubscribed and shares surged 14% on first trading day, signaling strong AI memory demand.
Apple filed a lawsuit against OpenAI alleging theft of trade secrets related to hardware development, escalating corporate tensions.
Micron announced $250 billion in US AI investments, stock rose 7%, reinforcing AI infrastructure spending theme.