Solmate, a listed company, proposed a reverse stock split to advance the construction of the Solana Center in the UAE.
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Hong Kong-listed AI stocks rallied, with Huiju Technology rising nearly 9%.
Mars Finance reported on July 8th that Hong Kong-listed artificial intelligence stocks rallied, with Huiju Technology (01729.HK) rising 8.96%, Shanghai Fudan (01385.HK) rising 5.53%, and Lenovo Group (00992.HK) rising 4.41%. (Science and Technology Treasure Broadcast)
US-listed optical communications stocks fell across the board in early trading, with Coherent dropping nearly 6%.
According to data from Odaily Odaily, US-listed optical communications stocks fell across the board in early trading. Coherent fell nearly 6%, Corning fell nearly 5%, Lumentum fell nearly 4%, and Credo fell more than 7%.
Advanced packaging concept stocks rebounded after fluctuations; Huatian Technology surged to its daily limit.
Mars Finance reports that advanced packaging concept stocks rebounded after a period of fluctuation, with Huatian Technology hitting the daily limit, followed by gains in Dagang Shares, Yongxi Electronics, Changjiang Electronics Technology, Tongfu Microelectronics, Shenzhen Technology, and Jingfang Technology. In related news, He Tingbo, head of Huawei's semiconductor division, released version V2 of "Time Miniaturization Theory for Multi-Level Electronic Systems" ("Tao's Law") on July 3rd, clarifying five key technologies for implementation: LogicFolding unit-level 3D stacking, hybrid bonding, TSV, unified bus, and Hi-ONE optical engine. (Cailian Press)
Hong Kong-listed tech stocks surged during trading, with Meituan rising 8.5%.
According to Mars Finance, citing Jinshi Data, Hong Kong-listed technology and internet stocks collectively surged during trading. Market data shows that Meituan (03690.HK) performed strongly, rising 8.5%; Tencent Holdings (00700.HK) followed suit with gains exceeding 5%; Xiaomi Group (01810.HK) rose over 3%; in addition, Alibaba (09988.HK) and Baidu (09888.HK) also rose simultaneously, both exceeding 2%.
SK Hynix listed $29 billion worth of ADRs on Nasdaq on the 10th, setting a new record for the largest ADR listing by a foreign company.
SK Hynix is reportedly set to list approximately 44 trillion won worth of American Depositary Receipts (ADRs) on Nasdaq, challenging the record for the largest foreign company listing on the US stock market. Following its Nasdaq listing, SK Hynix will be able to trade on the regulated US market and qualify for inclusion in major indices such as the Nasdaq 100. The inflow of funds into exchange-traded funds (ETFs) tracking these indices is also highly anticipated. However, some voices have warned whether the rapid rise in the AI storage semiconductor sector is overheated. As large technology companies continue to raise funds for data center investments through the bond and stock markets, concerns about the sustainability of the storage industry's boom are growing. (Jiemian)
Data: Recently listed crypto companies have seen their average stock price fall by 73% from its peak, with Gemini dropping over 90%.
According to a report by 10x Research, recently listed crypto-related companies have seen their share prices plummet from their post-IPO highs. Gemini (GEMI) has fallen 91%, Amber (AMBR) 89%, BitGo (BTGO) 79%, Circle (CRCL) 78%, Coinbase (COIN) 63%, and Securitize (SECZ) 41%. Data shows that these eight recently listed crypto companies are down an average of 73% from their post-IPO highs. The report points out that post-IPO price crashes have become a common phenomenon for crypto IPOs, and investors need to adopt more systematic strategies to cope with such volatility.