$SKHY β SK Hynix is about to list on Nasdaq.
SK Hynix (already trading in Korea as 000660) is issuing ADRs on Nasdaq under $SKHY, expected to start trading July 10.
The raise: ~$29.4B β the largest ADR listing in history, bigger than Alibaba's $21.8B NYSE debut in 2014.
Why SK Hynix, why now: it's the dominant supplier of HBM (high-bandwidth memory) β the memory that goes directly into Nvidia's AI GPUs.
SK Hynix holds 61% of the global HBM market (vs. Micron's 21% and Samsung's 17%).
Shares are already up 340%+ YTD in Korea, and the company briefly overtook Samsung as Korea's most valuable company for the first time in 26 years.
The case for why the listing itself matters: HSBC argues this could re-rate the stock.
Micron has traded at a ~35% average valuation premium to SK Hynix over the past 13 years, largely credited to easier US investor access and more shareholder-friendly policy.
HSBC is drawing a direct comparison to what happened after TSMC's ADR gained broader US access β and just raised its SK Hynix price target 38% (2.9M won β 4M won) on that re-rating thesis alone.
Where the money goes: funding the new Yongin Semiconductor Cluster fab, the Cheongju P&T7 advanced packaging plant, EUV lithography equipment, and a $4B Indiana packaging facility β SK Hynix's first US manufacturing footprint.
Pricing: ADRs expected around $166 each (1 ADS β 1/10 of a common share, so roughly $1,660 per full-share equivalent). Lead underwriters: Bank of America, Citigroup, Goldman Sachs, JPMorgan.
Why watch it: this gives US investors direct Nasdaq access to the #1 HBM supplier in the AI memory boom for the first time β previously you had to buy the Korean shares directly to get exposure.
Not financial advice β IPOs are volatile, and Korean chip stocks already fell 12% the day after that Samsung market-cap milestone.
Do your research before day one.
π¨PRESIDENT DONALD TRUMP JUST SAID LIVE:
βTHOSE POOR BASTARDS. I NEVER LIKED SHORT GUYS BECAUSE THEYβRE BETTING AGAINST THE COUNTRY.β
THE U.S. STOCK MARKET ADDED OVER $600 BILLION AFTER THE OPEN TODAY πΊπΈ
JUST IN: πΊπΈ President Trump says crypto is "very powerful."
"A lot of people are using Bitcoin β¦ I don't think anybody understands really how powerful [it is]."
Most insiders selling....., most investors sitting on cash.
What does it mean? Probably red week ahead and everyone going on holidays.
This is will be next week? Who knows, but this is not a good sign for sure.
Uber just quietly killed its own $1B growth plan β and the real reason is bigger than it looks.
Back in early 2026, Uber said it would launch food delivery in 7 new European countries:
Austria, Denmark, Finland, Czech Republic, Greece, Romania, and Norway.
Expected payoff:
$1B in extra gross bookings over 3 years.
Now, according to the FT, Uber is scrapping the expansion in 5 of those 7 markets.
The official line:
Finland and Denmark were such "huge successes" that Uber wants to focus resources on existing momentum instead.
Read between the lines:
Uber is still chasing a full takeover of Delivery Hero.
It already raised its stake to ~37% (from 25%) by buying out fellow shareholder Aspex Management, with a β¬33/share (~$37.74) offer reportedly on the table.
Why build 5 new markets from scratch when you can just buy the company that already dominates food delivery across most of Europe?
$UBER trades around $74 now, well off its $100 all-time high from last October.
Not financial advice β but this looks like a company choosing M&A over organic build-out in real time.
If you're losing faith because your trade not going what's should be, avoid people who's promise you get rich quick scheme.
Do not use leverage....Nobody get rich in 1 day.
Start slowly and reduce risks...
BofA says the US economy is running K-shaped: the top 10% of households now drive ~23% of all consumption, the bottom 10% just ~4%.
That means aggregate demand depends almost entirely on high earners staying willing to spend β while lower-income households quietly deal with rising rents, higher debt, and a softer job market.
Why it matters: headline spending can look fine while real stress builds underneath.
Fed policy helps one arm of the K and barely touches the other β and with the deficit at 6%, there's not much room for fiscal policy to fill the gap.
Not financial advice.