U.S. stocks pared losses, SK Hynix ADR rose over 4%
BlockBeats news, on July 17, according to market data from a certain exchange, SK Hynix ADR rebounded today after briefly breaking below its issue price, currently rising over 4%, quoted at $158.91.
Driven by this, Micron has also turned positive, currently up 0.49%.
Previously, it was reported that the preliminary value of the University of Michigan Consumer Sentiment Index for July in the United States was 54.4, expected 51, previous value 49.5. The preliminary one-year inflation rate expectation for the United States in July was 4.2%, expected 4.50%, previous value 4.60%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Samsung increases investment in AI infrastructure! Invests 1 billion USD in Helix Digital, owned by KKR (KKR.US)
Several subsidiaries of Samsung Group have agreed to invest a total of $1 billion in Helix Digital, a U.S. company backed by private equity giant KKR, further expanding the Korean conglomerate's presence in the rapidly growing artificial intelligence infrastructure market.
More than 20 billions spent this year! Eli Lilly (LLY.US) CEO: We will target “white spaces” in pharmaceuticals and continue to pursue larger-scale mergers and acquisitions.
Eli Lilly CEO Dave Ricks stated that investors can expect the company to pursue larger-scale deals, as it is extensively searching for assets in the "white spaces" of the scientific field.
Is the “AI bank run” coming? Apollo warns: AI assistants may drain banks' cheap deposits, which will pose risks to the financial system
Torsten Slok, Chief Economist at Apollo Global Management, stated that if consumers begin to heavily rely on AI assistants such as Muse under Meta and transfer cash to higher-yielding accounts, it could pose risks to the financial system.
