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SK Hynix released a statement on August 5 denying reports of a 5 trillion won pre-IPO for its U.S. subsidiary Solidigm. The company confirmed that while Solidigm is reviewing various strategic options to enhance competitiveness, no concrete plans have been finalized. SK Hynix committed to provide further clarification or reissue its statement by September 4.

According to Gate market data, on August 11, Hong Kong's Hang Seng Index closed down 284.67 points, down 1.1%, to 25,652.82. The Hang Seng Tech Index fell 95.04 points, down 1.93%, to 4,824.42.

Uber's stock declined 3% in pre-market trading after the company posted second-quarter results broadly in line with expectations but guided to third-quarter gross bookings of $58.25B–$60.25B, falling short of the $59.32B consensus estimate. For Q3, Uber guided adjusted EBITDA of $2.86B–$2.96B, above the $2.88B estimate, and adjusted EPS of $0.84–$0.88 versus the $0.86 consensus. Investors will focus on the company's long-term progress in its autonomous vehicle business during the earnings call.

Uber and Wayve have secured a private hire vehicle (PHV) license to operate robotaxi services in London, with supervised driving set to begin this summer. Initially, a safety driver will remain on board during all operations. The approval positions the Uber-Wayve partnership ahead of Waymo and Baidu's London expansion timelines, marking the expansion of autonomous vehicle competition beyond the U.S. market into Europe.

According to ADP, private companies added only 44,000 jobs in July, down sharply from 95,000 in June and below market expectations reported Wednesday. Almost all job gains came from healthcare-related sectors, while goods-producing industries saw a net loss, according to CNBC.

JPMorgan CEO Jamie Dimon is urging more than 40 companies to join a critical infrastructure coalition aimed at enhancing AI security safeguards by year-end. The initiative targets firms across banking, energy, utilities, telecommunications, and transportation sectors. Key objectives include improving information sharing, strengthening protective measures, and coordinating AI security policies with the Trump administration. The restructured organization is expected to become fully operational by

Eli Lilly stock rose 5% in premarket trading on August 11 after the drugmaker posted second-quarter results that beat expectations, with adjusted earnings per share of $8.38, up 32% year-over-year versus the $6.37 estimate. Second-quarter revenue reached $22.97 billion, up 48% year-over-year and exceeding the $20.59 billion estimate, driven by strong performance in obesity drugs including Mounjaro revenue of $9.94 billion and Zepbound revenue of $4.93 billion. The company also raised its full-ye

Foxconn recorded its highest monthly revenue of 946.5 billion New Taiwan dollars (approximately $29.3 billion) in July, up 54.2% year-over-year and 15.2% month-over-month. According to Trendforce data, the surge reflects strong demand from cloud and networking segments for AI servers. The company's cumulative revenue for the first seven months of 2026 reached 5.59 trillion New Taiwan dollars, up 37.9% from the prior year.

Micron has secured 16 strategic customer agreements covering approximately $100 billion in minimum revenue from 2026 to 2030, according to contract details. The majority are five-year deals beginning in 2026, with automotive contracts typically spanning three years. These agreements already cover roughly 20% of Micron's DRAM volume and one-third of NAND volume, with potential to represent over half of total revenue once fully implemented. The contracts feature take-or-pay structures with binding

For the week ending July 31, U.S. mortgage purchase applications fell 3.6% and refinance applications declined 1.9%, as rising interest rates weighed on demand. The 30-year mortgage rate increased 5 basis points to 6.81%, hitting its highest level in over a year. The surge in mortgage rates tracked broader Treasury yield increases, with the 10-year yield at 4.7% and the 30-year yield at 5.23%, marking the highest level in 19 years. Oil price volatility fueled inflation concerns that pushed yield

According to Bloomberg analysis, the U.S. Treasury has significantly increased short-term debt issuance, with net new bill offerings reaching $413 billion through July—15% higher than the entire 2025. The shift reflects rising long-term borrowing costs, as 30-year Treasury yields reached 5.23%, the highest since 2007. Short-term bills accounted for more than half of the $1.9 trillion U.S. deficit (5.8% of GDP) this year, as their shorter maturities and lower interest-rate risk make them more eas

According to CFRA Chief Investment Strategist Sam Stovall, after a 2% or greater decline, the Nasdaq-100 historically rallied the next day 55% of the time since 1985, with a 58% probability of gains within five days. If the July 29 market correction marks the adjustment end, historical patterns suggest a full recovery would take approximately 55 trading days, followed by an additional 6% gain over the subsequent month before entering a new 5% or greater correction.

According to NBC, the United States is drafting a revised nuclear strategy that prepares for potential regional conflicts with China or Russia. The strategy emphasizes expanded options for deploying tactical, low-yield nuclear weapons rather than relying solely on long-range intercontinental ballistic missiles (ICBMs) targeting the homeland. The new approach specifically addresses scenarios involving Chinese military action against Taiwan and Russian tactical nuclear use in Ukraine.

According to a Twitter post by LJKawa, S&P 500 ETF Trust (SPY) recorded its highest daily call volumes yesterday, with spot prices also rising during the period.

Investor Michael Burry adjusted his portfolio holdings in recent disclosure, unwinding his Microsoft long positions and call options, as well as closing out his Oracle short and put positions. He maintained a bearish stance on major indices by rolling his NVIDIA put options to June 2027 with a strike price around $100 and postponing his QQQ short positions to February 2027. Burry has previously criticized the surge in NVIDIA credit default swap spreads, calling the capital expenditure cycle "bib

According to Yole Intelligence, South Korea is forecast to maintain its position as a global memory leader through 2031 with plans to double wafer capacity over the next five years. Global memory consumption patterns are shifting rapidly. The U.S. share of global memory usage rose from 37% in 2021 to 52% last year, while China's declined from 35% to 29% during the same period, driven by U.S. hyperscaler AI data center spending and export controls. The industry is transitioning from AI 1.0, focus

According to Telegram, KCC Glass reported its Q2 2026 results on August 5, with market capitalization around 368.1 billion won, meeting conditions for specific listing criteria. Q2 consolidated revenue reached 577.1 billion won, up 12.5% year-over-year from 512.9 billion won. Operating profit swung to a positive 4.8 billion won from a 35.4 billion won loss in the prior-year period, with operating margin improving 7.7 percentage points to 0.8%. Net loss narrowed to 11.8 billion won from 35.3 bill

Billionaire investor Michael Burry closed his long position in Microsoft and short position in Oracle, according to recent portfolio disclosures. The move comes as the two companies display diverging financial trajectories: Microsoft reported Azure growth of 43% with remaining performance obligations of $678 billion and positive free cash flow projections for fiscal 2027, while Oracle's capital expenditure has surged to nearly 100% of revenue, with estimated 2026 capex growth reaching 120%. Orac

Nanya Technology posted July 2026 revenue of 438.7 billion Taiwan dollars (approximately 1.35 billion U.S. dollars), representing a 49.3% month-over-month increase and 719.6% year-over-year surge. Cumulative revenue for January through July reached 1.755 trillion Taiwan dollars (approximately 5.4 billion U.S. dollars), up 660.9% compared to the same period last year. The sharp growth is driven by surging demand for AI server DRAM chips. Major manufacturers including Samsung, SK Hynix, and Micron

Marvell announced photonic shared memory technology for AI racks, supporting 30-meter optical links with 350-nanosecond latency and 7.2 terabit-per-second bandwidth. The solution addresses memory bandwidth bottlenecks in large-scale AI inference, where KV cache grows to hundreds of gigabytes. The technology allows independent capacity scaling without overloading high-bandwidth memory modules. Competitors including SK Hynix, Samsung, and NVIDIA have introduced similar approaches—HBF, zHBM, and CP