The combined company would need to maintain an investment-grade credit profile, GameStop's mysterious financing letter said.
SK Hynix's Nasdaq debut via ADRs aims to reduce its "Korea discount," a valuation gap attributed to corporate governance concerns. Despite leadership in the HBM market, its P/E ratio is significantly lower than rivals like Micron, a gap experts believe the listing could narrow by improving investor access and familiarity.
South Korean chipmaker SK Hynix has achieved the largest ever foreign listing in the US, raising $26.5bn by selling 177.9 million shares on the Nasdaq. The offering highlights strong investor appetite for AI-related companies.
South Korean chipmaker SK Hynix has successfully raised $26.5 billion in its New York share offering, the largest ever by a foreign firm in the US. The company, a key supplier to Nvidia, sold 177.9 million shares at $149 each, set to trade on Nasdaq.
Fidji Simo, OpenAI's product and business chief, announced her resignation to focus on recovering from a chronic illness, Postural Orthostatic Tachycardia Syndrome (POTS). She will transition to a part-time advisor role. Simo previously led Instacart and held leadership positions at Meta.
Fidji Simo, OpenAI's product and business chief, is stepping down to focus on recovering from a chronic illness, POTS. She will transition to a part-time advisor role. Simo previously led Instacart and held leadership positions at Meta.
Stocks rebounded Thursday, with the S&P 500 gaining nearly 1% and the Nasdaq jumping over 1%, as investors dismissed concerns about U.S.-Iran conflict escalation. Meta Platforms plans to aggressively ramp up AI compute capacity, releasing its strongest model yet, Muse Park 1.1, with an API for developers. FedEx launched a dedicated healthcare unit, while Starbucks aims to use AI for in-house software tools.
