SK Hynix Soars 13% in Record $26.5B Nasdaq Debut; Meta Jumps 6%

SK Hynix surges 13% in record $26.5 billion Nasdaq debut SK Hynix closed at $168.01 on its first trading day, up 12.76% from its $149 offering price, in the largest-ever U.S. listing by a foreign company. Chairman Chey Tae-won told CNBC that 'demand is enormous' for memory chips, driven by AI agents and robots. 1234

Meta Platforms jumps 6% on AI cloud ambitions and lower infrastructure costs Meta shares surged nearly 6% to $669.21 after an internal memo and Bank of America note revealed the company is building AI capacity at roughly half the previously estimated cost, fueling optimism about a potential cloud rental business. The stock posted a 14.81% weekly gain, its best in nearly 18 months. 45

Delta Air Lines posts record revenue but profit falls 25% on fuel costs Delta reported Q2 revenue of $19.8 billion, up 19% year-over-year, but profit dropped to $1.6 billion as jet fuel costs rose two-thirds due to the Iran conflict. CEO Ed Bastian forecast double-digit margins and a return to earnings growth in the second half. 67

Jim Cramer turns bearish for first time since 2000, citing capital shortage On CNBC's Squawk on the Street, Cramer said 'we're out of money' and turned bearish, pointing to Amazon's poorly received $25 billion debt deal and the SK Hynix equity offering as signs of a capital supply-demand imbalance not seen since the dot-com era. 8

Wall Street edges higher as S&P 500 and Nasdaq post weekly gains The Dow rose 0.29% to 52,637, the S&P 500 gained 0.42% to 7,575, and the Nasdaq added 0.29% to 26,282, as easing oil prices and continued U.S.-Iran diplomatic talks helped investors look past geopolitical tensions. The S&P 500 ended just short of a record high. 9101112