As predicted but still wild seeing it play out in reality...The same factors making memory stocks pump are now affecting consumer electronics...Is a backlash loading? Only time will tell ๐ค ๐ญ๐ญ
BREAKING: Microsoft, $MSFT, announces price hikes for Xbox devices due to memory chip costs just hours after Apple hiked prices on MacBooks and iPads.
Among the price increases:
1. Xbox Series S 1TB increased +$150 to $599
2. Xbox Series X 1TB increased +$150 to $799
3. Xbox Series S 512GB increased +$100 to $499
4. Xbox Series X 1TB Digital increased +$150 to $749
AI-induced price hikes have begun.
SK HYNIX IS GOING PUBLIC IN THE ๐บ๐ธ IN JUST 3 WEEKS
SK Hynix is planning a $29.4 Billion US listing with trading set to begin on July 10th
This would be one of the top five share sales in history, comparable in size to Saudi Aramco's record 2019 IPO.
SK Hynix controls 57% of the global high-bandwidth memory market by revenue. HBM is the chip that sits inside every NVIDIA GPU powering the AI buildout. Without it, the data centers do not work.
The numbers behind the business:
Q1 2026 operating profit: $24.3 billion, a record high
Q1 2026 sales: $34 billion, nearly tripling year over year
Stock performance: +300% in Seoul this year
Market cap: over $1 trillion
The proceeds will fund additional capacity expansion and purchases of EUV lithography machines needed to make next-generation chips.
Lead underwriters: Bank of America, Citigroup, Goldman Sachs, JPMorgan.
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