Stocks · 2026-07-09
SK hynix ADR offering draws strong demand, nuclear power stocks rally
SK hynix's U.S. depositary receipt offering drew subscriptions more than seven times the offered volume. Cornerstone orders alone accounted for 25% of the deal, and bookbuilding closed earlier than scheduled. Listing is set for July 10, with a reference price of $158, roughly 2.3 million won.
The new shares represent 2.5% of outstanding stock, or 17.79 million shares, but the registration limit filed with the U.S. SEC is ten times larger at 25%, suggesting room for additional depositary issuance ahead. Demand came from long-only funds, tech-focused funds and sovereign wealth funds, and Chairman Chey Tae-won is set to visit the Nasdaq site on the 12th for an interview.
Nuclear power-related stocks also gained. Boseong Power Tech, Woojin Entech and Woori Technology rose 2-3%, buoyed by presidential policy chief Kim Yong-beom's comments favoring expanded nuclear construction.
[Global] Nvidia, Broadcom, Micron Rally; Apple's $30 Billion Broadcom Investment
Nvidia shares rose nearly 4% after reports that Beijing may allow limited purchases of Nvidia's H20 chips. Total purchases by major firms including Alibaba, ByteDance and DeepSeek were said to be under 200,000 units, though the report was not officially confirmed.
Broadcom shares climbed about 4.8% on news of expanded chip supply cooperation with Apple. A follow-up report that Apple would invest $30 billion in Broadcom to expand US-based semiconductor manufacturing capacity further supported the chip-sector rebound.
Memory chipmakers also rallied. Micron Technology reversed much of its prior after-hours decline to close up about 1%, while SanDisk surged nearly 7%. Market participants largely read the rebound not as the end of the AI rally but as a rotation of funds out of first-half chip-stock winners into other sectors.
UBS, Goldman Sachs and Deutsche Bank characterized the pullback as an orderly de-risking process rather than forced liquidation, saying no clear signs of retrenchment in AI investment had emerged.
[Global] Blue Origin Seeks First Outside Funding at $130 Billion Valuation
According to Bloomberg, Jeff Bezos's space company Blue Origin is pursuing roughly $10 billion in outside funding at a $130 billion valuation. The news follows last month's SpaceX share sale, extending a string of space-company fundraising headlines.
A large institutional investor is reportedly leading the round with a $4 billion commitment. Blue Origin has until now been funded entirely by Bezos personally, largely through sales of his Amazon stake, and this marks the company's first acceptance of outside capital given the scale of investment required.
Blue Origin suffered a New Glenn rocket launch-pad explosion in May, underscoring the difficulty of the space business. The company is pursuing its Tarawa satellite communications network, planning to deploy more than 5,400 satellites in equatorial orbit, with the first launch expected late next year.
Market observers say the funding reflects not just space infrastructure but the potential for AI networks operating in orbit, noting Blue Origin remains undervalued relative to SpaceX's $86 billion valuation.