SK Hynix hits $1 trillion valuation as AI boom lifts South Korean chip stocks
Shares of SK Hynix soared over 11% on Wednesday, pushing the South Korean memory-chip maker above the $1 trillion market capitalization mark.

Shares of SK Hynix soared over 11% on Wednesday, pushing the South Korean memory-chip maker above the $1 trillion market capitalization mark.
President Donald Trump last week endorsed Texas Attorney General Ken Paxton over incumbent Sen. John Cornyn.
With SpaceX headed for the public markets next month, industry experts and people close to Elon Musk are speculating about a potential tie-up with Tesla.
South Korea's SK Hynix and U.S. chip firm Micron become the latest companies to top $1 trillion in market capitalization as the AI rally resumes.
The judge sits in a district court in either Alabama, Georgia or Florida, but their name is being kept secret by a disciplinary panel.
European stocks are expected to open in mixed territory on Wednesday as regional investors assess the latest military operations against Iran.
Markets are overwhelmingly pricing in a rate hike from the central bank at its next meeting.
Low manufacturing costs in China are keeping many European businesses' supply chains in the country despite pressure in the EU to reduce overseas reliance.
International graduates say a weak hiring market and changing immigration rules make it harder for them to achieve their American dream of working in the U.S.
Inflation and high debt levels continue cause financial anxiety for many Americans. Nonprofits can help with debt mangement.
China’s industrial profits grew at their fastest pace in over two years in April, buoyed by stronger exports, higher producer prices and gains in upstream industries.
Mike Khouw happens to like one surging chip stock in particular: Marvell Technology.
Asia-Pacific markets rose on Wednesday, with Japan and South Korea's benchmark indices hitting new highs
Prolonged closure of Strait of Hormuz could send crude oil prices to new highs this summer.
The iPhone maker's WWDC kicks off on June 8, offering Apple another chance to impress Wall Street on AI.
Pope Leo XIV’s AI warning shows split among Trump officials as the White House resists new guardrails, upping stakes with Catholic voters and Silicon Valley allies.
Trump has rarely visited Camp David during either of his presidential terms, though he frequently spends time outside the White House at his own properties.
Options volumes leaned bullish in both the SPDR Gold ETF (GLD) and VanEck Gold Miners ETF (GDX) on Tuesday.
American Airlines said it will install SpaceX's Starlink for inflight Wi-Fi on more than 500 of its airplanes.
Targets included missile launch sites and Iranian boats attempting to emplace mines.
Concerns include international growth and margin compression as well as pressures from inflation, energy costs and potential supply chain disruptions.
Vice President JD Vance is leading an initiative by the Trump administration to reduce fraud in federally funded programs that are administered by states.
A three-judge panel found that the 2023 congressional district maps adopted by Alabama intentionally discriminated against Black voters.
Mike Khouw is long Zscaler into earnings after the close.