On July 9, before the US stock market opens, AI-related stocks are seeing a cluster of positive catalysts. Today, the US stock market is expected to stabilize and rebound, led by South Korea’s heavyweight stock SK Hynix.

1. Micron Technology plans to invest $3 billion to strengthen the US domestic semiconductor supply chain.

2. Meta Platforms plans to begin producing an AI chip in September, as part of its plan to increase total computing power to 14 gigawatts next year. The chip is jointly designed by Meta and Broadcom, and manufactured by TSMC.

3. Starbucks is using artificial intelligence to reduce its reliance on Microsoft and IBM software.

4. Meta Platforms announced it will build a data center in Alberta, Canada, valued at C$13 billion (approximately $9.17 billion).

5. The subscription multiple for SK Hynix’s offering shares in the United States exceeded 7 times.

6. Tesla’s third-generation Optimus has been preliminarily finalized, and Musk has set a mass-production “red line” for the supply chain.

7. Meta has signed a long-term flash memory supply agreement with SanDisk and a memory supply agreement with Samsung to expand its AI infrastructure.

8. In a research report, Bank of America noted that Nvidia’s current valuation has fallen to the lowest level since this current AI bull market—its forward P/E ratio is only about 18, the lowest in nearly 7 years.