News
Market news, earnings recaps, and daily moves in AI and semiconductor stocks.
SK Hynix will buy back 40 trillion won of stock and cancel all of it. The board voted hours after the shares fell 9.75%.
SK Hynix approved a 40 trillion won ($28.6 billion) buyback and said it will cancel every share, the largest buyback and cancellation by a Korean listed company, hours after its stock fell 9.75 percent in Seoul.
Pennsylvania will not permit a data center until the town says yes. The state has fully permitted five of more than 100 proposed projects.
Governor Josh Shapiro signed an executive order on Aug. 18 barring Pennsylvania's DEP from issuing a data center permit before the project secures local approval. The state's own count puts more than 100 projects in public databases, 15 with permit applications filed, and five holding every permit needed for a first phase.
AMD insider sells $7.7 million near the stock's peak, but there's more to the story
AMD's chief sales officer, Paul Darren Grasby, sold $7.72 million of stock on Aug. 17 with no 10b5-1 plan behind it. It looks alarming until you notice it's his fifth open-market sale in a year.
WhiteFiber is selling $250 million more in convertible debt, and warns it will still need more. WYFI fell 30%.
WhiteFiber (WYFI) proposed $250 million of convertible notes due 2032, its second convert of the year, and warned it will still need more financing. The stock fell close to 29% from Friday's close.
Michael Burry says Etched is 'serious competition' for Nvidia. The catch is what its chip can't run.
Michael Burry, who has bet against Nvidia (NVDA) all year, called AI chip startup Etched 'serious competition' on Tuesday. Etched's Sohu chip is 10 to 20 times faster at one job, but it can't run several of the model types teams deploy most, and it's raising at up to $21 billion before shipping at scale.
SK Hynix’s (SKHY) HBM4 may cost Nvidia (NVDA) nearly twice as much as HBM3E. Samsung wants the same deal.
Two research firms estimate SK Hynix's HBM4 costs Nvidia about twice as much per gigabyte as HBM3E. SK Hynix has not confirmed the number, and Samsung Electronics is chasing the same price for its own HBM4.
Twenty hedge funds disclosed $35 billion of SpaceX (SPCX). D1 Capital put 62% of its portfolio into it
D1 Capital put 62% of its portfolio into SpaceX. Glade Brook put 99%. Across 20 funds the disclosed total reached $35.43 billion.
Foreigners drove the Kospi to a record high on Samsung and SK Hynix. Local institutions sold the whole gain the same day.
The Kospi set a record high on Aug 18 as foreign buyers pushed Samsung and SK Hynix higher, then Korean institutions sold 1.19 trillion won into the rally and the index closed down 1.55 percent.
Nokia (NOK) is cutting 1,600 jobs and closing its main China R&D hub, with reports of a near-total mainland exit by year end
Nokia is closing its Hangzhou research center and cutting about 1,600 jobs, and the South China Morning Post reports it plans to shut almost all of its mainland China sites by the end of 2026. Its China revenue has fallen more than 58% since 2018.
Leopold Aschenbrenner's latest filing shows he closed 13 of his 16 options positions and moved more than half his fund into SanDisk and Micron
Situational Awareness LP reported $8.46 billion of put positions on March 31 and one on June 30. The money went into SanDisk, Micron, Nebius and STMicroelectronics.
Warren Buffett's Berkshire nearly doubled its Alphabet (GOOGL) stake, now bigger than Coca-Cola
Berkshire added 48.1 million Alphabet shares in the June quarter and increased its Class C holding by 658 percent. The stake passed Coca-Cola to rank third.
KEEL's CEO and COO just bought $296,000 of stock after an ugly quarter
Keel Infrastructure CEO Ben Gagnon and COO Liam Wilson bought about $296,000 of KEEL stock in the days after the company reported a 50% revenue drop. Neither purchase ran on a 10b5-1 plan.
Two Datadog (DDOG) directors sold $20 million of stock on the same day
Two Datadog directors, both ICONIQ Growth partners, sold about $20 million of DDOG on August 13. One sale ran on a plan set in March, the other was the director's own call, and neither bought.
ECB researchers say an AI stock market correction is likely, even if AI delivers. European households hold €440 billion of US tech stock.
Five European Central Bank researchers wrote on Aug. 17 that "a correction of current stock market valuations is likely," even if the technology succeeds. European households hold around €440 billion of US tech stock, and the authors say there is less room to cut rates against a crash than in 2000.
Robinhood's second venture fund (RVII) is a bet on 80 Y Combinator startups. It opened below its $25 IPO price.
Robinhood Ventures Fund II (RVII) began trading Aug. 13 and sits below its $25 IPO price. The fund is a diversified bet on about 80 early-stage Y Combinator startups, most held through $250,000 SAFEs, and it charges a 2% management fee plus 20% of gains.
Another Bitdeer (BTDR) executive bought the stock near the post-earnings lows
Bitdeer (BTDR) chief strategy officer Basit Fozan bought 25,000 shares at $8.84 on August 14, days after the finance chief bought a nearly identical stake. Both executives paid more than 40 percent below their own $15.44 option strike, stepping in near the low that followed the August 10 earnings.
Foreigners made money in Korea's market all year. The locals sold them the rebound.
Korean individuals bought the market all the way down and sold as it climbed back toward 7,000. Foreigners bought almost all of that rebound, in a year when the foreign money kept winning and the local crowd kept losing.
Druckenmiller bought $4 million of IREN. Bridgewater sold 96% of its stake the same quarter
Druckenmiller's Duquesne opened a small first-time IREN stake last quarter. We pulled every fund we track: who sold IREN, who kept it, plus the $788 million co-CEO grant and a share count that has grown 6.5x since 2022.
Nvidia (NVDA) is now backing OpenAI's data-center lease in Ohio
Nvidia said it will guarantee part of the cost of an 8-gigawatt AI data center in Ohio that OpenAI will lease and fill with Nvidia chips, and invest $1.5 billion in builder SB Energy. The move locks in demand and revives the circular-financing debate.
Korea is selling more chips than ever, but the won won't strengthen. The Bank of Korea says 70% of the pressure is Koreans moving money abroad.
Korea is selling more chips than ever and still runs a big trade surplus, but the won won't strengthen. The Bank of Korea says about 70% of the pressure comes from Koreans themselves, the pension fund and retail investors moving record amounts into foreign stocks.
Tempus AI (TEM) just turned its first profit. Its stock is still half off its high.
A deep dive on Tempus AI (TEM): what the cancer-data company does, its first quarterly profit, who controls the stock, the short-seller report against it, and why Wall Street can't agree on the price.
Samsung could return $141 billion a year to shareholders as SK Hynix weighs $70 billion payout
The Kospi climbed back near 7,000 last week, led by Samsung and SK Hynix. Now the market's waiting on how much cash each will return to shareholders, with estimates as high as $141 billion for Samsung and $70 billion for SK Hynix.
You can trade single-stock options premarket starting August 17 at 7:30 a.m. ET. The first session includes Nvidia (NVDA), Tesla (TSLA), Apple (AAPL) and 18 more.
Cboe Options Exchange begins trading single-stock options at 7:30 a.m. ET on Monday, Aug. 17, two hours before the regular open. Limit orders only, no market or stop orders, and trades in the new sessions do not count toward the day's high and low.
Saudi Arabia's wealth fund now holds $26 billion of SpaceX (SPCX). That's 70% of its US stock book.
Saudi Arabia's sovereign wealth fund now holds more SpaceX than any other US stock, a $26 billion position that surfaced in a 13F this week. A 13F only tells part of the story, though.