Analysis: The AI investment boom is cooling down, and the market is reassessing the sustainability of chip and data center spending.
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AI investment boom faces a crucial test: SK Hynix's US IPO may be a key indicator.
According to Odaily Odaily, South Korean memory chip giant SK Hynix plans to list on Nasdaq this Friday, becoming another major technology company to go public in the US after SpaceX. SK Hynix reportedly plans to raise approximately $28 billion through the issuance of American Depositary Receipts (ADRs). As a key supplier to Nvidia, SK Hynix primarily produces high-bandwidth memory (HBM), DRAM, and NAND flash memory products, and its business is benefiting from the increased storage demand driven by the expansion of AI infrastructure. Market analysts believe that SK Hynix's US listing will be a crucial test of investor interest in the next wave of AI technology IPOs. Over the past 12 months, its South Korean-listed shares have surged by approximately 770%, exceeding the roughly 700% increase of its competitor Micron Technology during the same period. SK Hynix's listing reflects the expanding investment boom in the AI industry chain, moving from large-scale models and computing chips to memory and the semiconductor supply chain. The market anticipates a potential surge in large AI and technology company IPOs in the second half of 2026. (Fortune)
Nvidia's market value evaporated by $1 trillion in less than two months, with its valuation falling back to levels seen before the AI boom.
According to Mars Finance, after losing approximately $1 trillion in market capitalization in less than two months, Nvidia stock has hit its lowest level since the artificial intelligence (AI) boom fueled its surge. The chipmaker's graphics processing units (GPUs) still dominate the AI data center market. However, its share price has fallen 16% since hitting an all-time high on May 14th, prompting investors to adjust their AI trading strategies, selling Nvidia and investing in other semiconductor manufacturers, particularly those in the memory market. Data shows the sell-off has driven Nvidia's price-to-earnings ratio (P/E) to 18 based on its expected earnings over the next 12 months. The last time it reached such a low level was in early 2019. To better understand the depth of the decline, a comparison with benchmark stock indices shows that the S&P 500 has a forward P/E ratio of 20, and the Nasdaq 100 has a forward P/E ratio close to 23. (Cailian Press)
Analysis: South Korean stocks have plummeted more than 20% from their peak and are poised to enter a technical bear market.
PANews reported on July 8th that, according to Jinshi, the South Korean stock market continued its decline, with the KOSPI index falling by more than 6% intraday, accumulating a drop of over 20% since its June peak, poised to enter a technical bear market. Samsung Electronics and SK Hynix fell by approximately 7% and 5% respectively, as investors reassess the prospects for AI demand. South Korea has been the world's best-performing stock market this year, but its over-reliance on two chipmakers makes it particularly vulnerable to shifts in industry sentiment. Leveraged ETFs amplified two-way volatility, further exacerbating market fluctuations. Despite Samsung Electronics' quarterly profit surging 19-fold this week, chip stocks continued their decline, highlighting that traders are demanding more evidence to justify the exorbitant investments across the entire supply chain. Fidelity International portfolio manager Ian Samson stated, "The current increased volatility stems largely from fundamental uncertainty."
Goooo receives strategic investment from Cipher 9, continuing to advance its global prediction market aggregation and intelligent execution infrastructure development.
According to BlockBeats, on July 7th, Goooo secured a $2 million strategic investment from Cipher 9. This investment will support Goooo's continued development in areas such as prediction market aggregation, probabilistic data integration, and AI-powered intelligent analysis and execution systems. This strategic investment from Cipher 9 will further enhance Goooo's resource support in product development, market expansion, ecosystem cooperation, and globalization, providing long-term assistance for Goooo's future prediction market infrastructure construction. Goooo positions itself as an AI-driven global prediction market aggregation and execution gateway, aiming to connect global prediction markets, external data, probabilistic information, and execution systems to provide users with an integrated prediction market experience from event discovery and probability comparison to intelligent execution. Goooo drives the prediction market from a decentralized platform structure to a unified infrastructure network through multi-market aggregation, a unified probabilistic view, cross-platform comparison, and intelligent routing execution. This strategic investment from Cipher 9 marks a new stage in Goooo's global prediction market infrastructure development.
US pre-market news highlights: EDA giants focus on AI chip design; SpaceX officially included in the Nasdaq 100 index; Analysts say AI computing power demand is far from peaking.
Mars Finance reports the following key financial news from the US stock market that investors should pay attention to: 1. US stock index futures showed mixed results. Dow Jones futures rose 0.29%, S&P 500 futures fell 0.15%, and Nasdaq 100 futures fell 0.94%. 2. International oil prices rose slightly. WTI crude oil futures rose 0.61% to $68.967 per barrel; Brent crude oil futures rose 0.74% to $72.526 per barrel. 3. International gold and silver spot prices fluctuated narrowly. Spot gold rose 0.03% to $4166.01 per ounce; spot silver fell 0.64% to $61.62 per ounce. 4. European stock indices all fell. The UK FTSE 100 rose 0.47%, the French CAC 40 rose 0.20%, and the German DAX 30 fell 0.63%. 5. EDA giant Synopsys informed more than 10 chip manufacturers, including Samsung Electronics and SK Hynix, in April and May that it would "suspend" some of its wafer fab manufacturing analysis software, shifting resources to the more profitable AI chip design business. 6. SpaceX, owned by Elon Musk, was officially included in the Nasdaq 100 index today, becoming the first company in the index with a space business at its core. JPMorgan Chase estimates its weight in the index at approximately 1.3%. Wall Street generally gave it an "initial bullish" rating, with a target price as high as $800. 7. Google invested over €400 million in Proxima Fusion, a European nuclear fusion "unicorn" company, with the aim of building a commercial fusion power plant by the 2030s. 8. Anthropic announced a 20-year AI data center lease agreement with AI data center operator TeraWulf. The project has a capacity of approximately 401 megawatts and is expected to be operational in the second half of 2027, reaching full capacity in early 2028. 9. A recent report from semiconductor research firm SemiAnalysis indicates that AI computing power demand is far from peaking. The firm predicts that Meta computing power procurement will accelerate, and capital expenditure may increase significantly next year. 10. Walmart and its Sam's Club announced price reductions on thousands of popular summer items and everyday essentials across the United States. 11. Microsoft raised its Microsoft 365 Enterprise subscription fee earlier this month, with increases ranging from 8% to 33%. Personal and Education versions are currently unaffected. (Cailian Press)
Bitcoin bull market ‘confirmed’ but $90K presents profit-taking risk: Analysis
BTC price analysis concluded that onchain signals had “confirmed” the new Bitcoin bull market.