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South Korea's SK Hynix to raise up to $29 billion in US listing in July
Reuters55d agobullish
South Korea's SK Hynix to raise up to $29 billion in US listing in July

South Korea's SK Hynix said on Wednesday it plans to raise up to $29.4 billion through a U.S. stock market listing in what would be a record secondary listing, as the Nvidia supplier ‌seeks to capitalise on strong investor appetite for AI stocks. If completed at the top end, the offering would be ‌the largest U.S. listing by a Korean firm and potentially the biggest ever via American Depositary Receipts, surpassing Alibaba's $25 billion 2014 debut. The planned listing reflects strong global ​appetite for AI-linked equities, even as volatility increases across U.S. tech and semiconductor markets.

Bloomberg55d agobullish
Saylor’s Best Bet May Be to Halt Strategy’s Bitcoin Buying Spree

(Bloomberg) -- Michael Saylor’s Bitcoin buying machine Strategy Inc. should stop purchasing the cryptocurrency if it wants to restore market confidence in its shares.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallyKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsSpaceX Falls for Third Day, Erases $600 Billion

Samsung Electronics plans 90 trln won share buyback, Yonhap reports
Reuters56d agobullish
Samsung Electronics plans 90 trln won share buyback, Yonhap reports

Samsung Electronics plans a share buyback programme worth 90 ‌trillion won ($58.61 billion) after agreeing to ‌give a bonus in stock to employees following ​recent wage talks, the Yonhap News Agency reported on Wednesday. The memory-chip maker will soon announce details on the plan, Yonhap ‌said, citing unidentified ⁠industry sources. Management and union last month reached a pay deal ⁠under which Samsung is expected to set aside about 10.5% of its operating profit ​for special ​bonuses for ​the chip division in ‌the form of stocks, sparking concerns over inequality at the company.

GameStop CEO Cohen spurns $35 billion pay plan to focus on eBay deal
Reuters56d agobullish
GameStop CEO Cohen spurns $35 billion pay plan to focus on eBay deal

Ryan Cohen, the billionaire CEO of GameStop, will not receive a potential performance award from ‌the videogame retailer and plans to unveil more details ‌about his bid to takeover eBay soon, the company said on Tuesday. GameStop unveiled ​a compensation package worth roughly $35 billion for Cohen in January, hinging on a turnaround that requires him to lift the struggling company's market value more than tenfold and sharply boost its profit. EBay ‌rejected a $56 billion takeover ⁠bid from the much smaller GameStop in May, citing financing doubts and calling the proposal "neither credible ⁠nor attractive."

Strive Is Buying Bitcoin Hand-Over-Fist, CEO Says
Bloomberg56d agobullishVIDEO
Strive Is Buying Bitcoin Hand-Over-Fist, CEO Says

Strive Inc. Chief Executive Officer Matt Cole says this is a great time to buy Bitcoin as the price keeps falling. He says their Bitcoin holdings are up to 20,000 from 5,000 last fall. He speaks on "Bloomberg Crypto."

Wall Street Drags S&P 500 Targets Higher, Warning the Rally Is Riskier Than Ever
Barrons.com56d agobullish
Wall Street Drags S&P 500 Targets Higher, Warning the Rally Is Riskier Than Ever

Two of the biggest U.S. investment banks see increasing risks tied to Federal Reserve rate forecasts, an uneasy peace agreement between the U.S. and Iran, and questions over the fate of the artificial intelligence investment wave—but remain bullish. Markets will tangle with resurgent inflation, AI capital expenditure concerns and a hawkish Fed over the next six months, the team said, but its broader earnings thesis is still likely to take the to around 7800 points by the end of the year.

AI stock surges amid multi-million-dollar lawsuit
TheStreet56d agobullish
AI stock surges amid multi-million-dollar lawsuit

Shares of Hut 8 (NASDAQ: HUT) tumbled in the pre-market session on June 22 but recovered lost ground after the morning bell. The stock fell about 7% to $112.50 after closing the prior day down 2.73% at $121.04. But at press time, the shares were trading 2.36% higher inraday and trading near ...

Target launches unexpected partnership beyond apparel
TheStreet56d agobullish
Target launches unexpected partnership beyond apparel

Target has increasingly leaned on exclusive launches and strategic partnerships to stand out in a retail market where consumers have more options and discretionary spending remains uneven. Over the past several years, the company has expanded beyond traditional private-label growth by introducing ...

Bloomberg56d agobullish
Netflix Unveils New Horror Game to Jumpstart Interactive Offerings

(Bloomberg) -- Netflix Inc. will release its first original horror video game on June 30, as it looks to court gamers with a tried-and-true genre.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapSpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallyIn U

Investing.com56d agobullish
Morgan Stanley upgrades CDW on stronger AI-driven server demand

Investing.com -- Morgan Stanley upgraded CDW Corporation to Overweight and raised price targets across several IT hardware names, arguing that enterprise server demand is proving far more resilient than expected as companies accelerate investments in AI infrastructure and data center modernization.

Bloomberg57d agobullish
‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock Rally

(Bloomberg) -- Andy Cheng is 26, unemployed and, with the help of a little borrowed money, the proud owner of $60,000 worth of Taiwanese tech stocks. And in many ways, he speaks for the entire island of 23 million people when he doles out the following advice: “Buy any stock and you will make money.”AI mania has gripped any number of stock markets across the globe in recent months — South Korea, China, the US — but perhaps nowhere is at it as frenzied as here in Taiwan, the No. 1 producer of the

The Market Is Panicking on Broadcom. This Is Why I Keep Buying The Stock
24/7 Wall St.57d agobullish
The Market Is Panicking on Broadcom. This Is Why I Keep Buying The Stock

I keep clicking buy on Broadcom (NASDAQ:AVGO) because the math is too good to walk away from, even with a $39 trillion national debt clock ticking and new Fed Chairman Kevin Warsh signaling that borrowing costs are not coming back down on anyone’s preferred schedule. My friends ask why I am adding to the same ... The Market Is Panicking on Broadcom. This Is Why I Keep Buying The Stock