The South Korean memory chip giant has reportedly set guidance for its U.S. American Depositary Receipt offering at $149 per share, a 3.1% premium over its domestic closing price, signaling strong investor interest.
Shares of semiconductor equipment maker Lam Research surged in pre-market trading, leading a recovery in chip stocks as investors bought the dip following recent profit-taking and were encouraged by signs of robust AI demand.
Shares of the chipmaker rose after Micron Technology announced a $500 million investment in GlobalWafers, a key supplier to GlobalFoundries, bolstering the U.S. semiconductor ecosystem.
Activist investor Steel Partners Holdings has offered to acquire medical device maker InMode for $16.75 per share, topping a rival bid from the company's CEO and demanding his ouster over alleged conflicts of interest.
A K2 Airways Boeing 737 freighter with five crew members crashed off the coast of Pakistan after reporting a navigational issue. Rescuers have located the wreckage and are conducting a challenging deep-sea search for the flight recorders.
International Business Machines stock fell in pre-market trading after Starbucks disclosed plans to develop its own AI-powered software, fueling investor concerns about competition from enterprise clients building in-house solutions.
Samsung Electronics forecasted a near 19-fold increase in second-quarter operating profit, but its shares fell sharply as investors grew concerned about the sustainability of the AI-driven memory chip boom.
Advanced Micro Devices shares rose in pre-market trading after William Blair initiated coverage, forecasting a doubling of sales by 2028 driven by the AI infrastructure boom.
Commercial vessel traffic through the critical Strait of Hormuz has fallen sharply, now standing at just 25 ships daily compared to 120 before the conflict, according to a Jefferies report. The disruption is tightening global energy markets and sending refining margins soaring.
