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SK Hynix overtakes Samsung to become South Korea's most valuable company
Reuters63d agoneutral
SK Hynix overtakes Samsung to become South Korea's most valuable company

SK Hynix on Monday overtook Samsung Electronics to become South Korea's most valuable listed company, marking a dramatic reversal of fortunes for a chipmaker that two decades ago nearly collapsed under debt. The company, now the dominant supplier of high-bandwidth memory (HBM) chips used in AI systems for customers such as ‌Nvidia and Alphabet's Google, has emerged as one of the biggest beneficiaries of the global AI boom, propelling a more than 340% rally in its shares this year and lifting ‌its market value above both Samsung Electronics and Micron. Shares of SK Hynix, now the world's most valuable memory chipmaker, traded up 5.7% to bring the company's market capitalisation to 2,082.5 trillion won ($1.35 trillion) as of 0347 GMT, compared with gains of ​0.4% in Samsung Electronics to 2,081.3 trillion won, excluding preferred shares.

SK Hynix overtakes Samsung to become Korea's most valuable company
Reuters63d agoneutral
SK Hynix overtakes Samsung to become Korea's most valuable company

SK Hynix on Monday overtook Samsung Electronics to become South Korea's most valuable listed company, marking a dramatic reversal of fortunes for ‌a chipmaker that two decades ago nearly collapsed under debt. The company, now the dominant supplier ‌of high-bandwidth memory (HBM) chips used in AI systems for customers such as Nvidia and Google has emerged as one of ​the biggest beneficiaries of the global AI boom, helping propel its shares up more than 340% this year and lifting its market value above both Samsung Electronics and Micron. Shares of SK Hynix, now the world's most valuable memory chipmaker, traded up 5.7% to bring the company's market capitalisation to 2,082.5 trillion won ($1.35 ‌trillion) as of 0347 GMT, compared ⁠with gains of 0.4% in Samsung Electronics to 2081.3 trillion won, excluding preferred shares.

Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price
24/7 Wall St.63d agoneutral
Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price

One of the most anticipated public offerings in recent memory is drawing skepticism. SpaceX (NASDAQ:SPCX) currently has a valuation of roughly $2.44 trillion, up nearly 40% from its $1.75 trillion IPO. Morningstar analysts have signaled the stock could be worth less than half that figure on a fundamentals basis. That gap was the centerpiece of a recent segment on ... Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price

Oil Falls to 3-Month Low After Trump’s Iran Deal. What It Means for Inflation
24/7 Wall St.63d agobearish
Oil Falls to 3-Month Low After Trump’s Iran Deal. What It Means for Inflation

A framework peace agreement between the Trump administration and Iran has shifted the outlook for energy prices and inflation heading into the new week, as discussed on Friday’s edition of Maria Bartiromo’s “Mornings with Maria” on Fox Business. Crude prices recently reached their lowest level in more than three months at under $80 per barrel, ... Oil Falls to 3-Month Low After Trump’s Iran Deal. What It Means for Inflation