The post Jim Cramer Says SK Hynix Is a Buy After Its Record-Breaking $26.5B U.S. IPO appeared on BitcoinEthereumNews.com.
Key highlights: Jim Cramer said that SK Hynix is an opportunity for investors to tap into the AI memory chip market The South Korean firm raised $26.5 billion in its U.S. listing Cramer also warned investors that memory chips are still a highly cyclical business South Korean chip giant SK Hynix is set to begin trading on Nasdaq through American depositary receipts (ADRs) after completing a $26.5 billion offering. The deal is the largest U.S. listing ever by a foreign company. It is also the second-largest IPO in the U.S., right behind SpaceX’s $85.7 billion offering. Ahead of the debut, CNBC’s Jim Cramer said investors looking to benefit from the AI boom should consider the company. Although he warned that this also comes with risks. “We know the memory chip business is on fire,” Cramer said. “If you’re willing to accept the volatility, I think you could do a lot w
The post MSTR Stock Price Soars 5% as Analysts Forecast Profit Growth Ahead of July 30 Earnings appeared on BitcoinEthereumNews.com.
Strategy (NASDAQ: MSTR) stock price is up 5% in pre-market trading today, July 10, to trade at $98 at the time of writing. These gains come as Strategy announces that it will release its earnings for Q2 2026 on July 30, with analysts forecasting that the company could report an increase in profits. Strategy Confirms Q2 Earnings Release Date as Analysts Predict Profit Growth Strategy has announced that its earnings for the period between April and June 2026 will come out on July 30, and the consensus appears to be that the company could post profits. MarketWatch estimates that Strategy could report an earnings per share of $0.78, while NASDAQ forecasts an even higher earnings per share of $52. Strategy Earnings Estimate If Strategy meets or surpasses these expectations, it will be a huge jump from MSTR’s loss of $38.35 per share that the company reported i
The post Peter Schiff: Bitcoin’s Gold Correlation Was Never Real, and Its Nasdaq Link Just Broke appeared on BitcoinEthereumNews.com.
Key Takeaways Peter Schiff said bitcoin’s gold correlation was never real as BTC trades above $64,000. Schiff has cited gold up 9% and the Nasdaq up 13% this year while bitcoin declines against both. Schiff warns of a bitcoin ‘slow death’; bulls counter the drawdown is a bear phase, not a verdict. Schiff Continues With His Anti-Bitcoin Narrative The latest salvo was highlighted on X by numerous analysts, summarizing Schiff’s argument that bitcoin cannot claim to be digital gold if it never traded like gold in the first place. The Euro Pacific Asset Management chief economist has spent months building the case. Image source: X His core exhibit has been performance comparisons, as in an earlier post, Schiff highlighted: “So far in 2026, gold is up 9%, silver is up 11%, the NASDAQ is up 13%, the Russell 2,000 is up 14%, while Bitcoin is down 11%. Congratula
The post Hyundai adopts stablecoins for cross-border treasury transfers appeared on BitcoinEthereumNews.com.
Hyundai, the world’s third-largest carmaker by vehicle sales, moved a stablecoin-based, cross-border, internal remittance system into production readiness on the Avalanche blockchain, becoming the first major South Korean company to do so. “Hyundai is the first major enterprise to publicly announce this type of implementation on Avalanche, but the initiative represents more than a technical experiment,” said Justin Kim, head of APAC at Ava Labs, which develops and supports the blockchain platform. “This is already a real treasury management use case, not a sandbox — the pilot moved live USD and USDT between Hyundai Motor’s U.S. and Mexico entities,” The international transfer comes as stablecoins gain traction beyond crypto trading. Large companies are increasingly testing the technology to move money between subsidiaries, settle cross-border payments and reduce the cost and tim
Economist and longtime bitcoin critic Peter Schiff argued this week that BTC’s supposed correlation with gold “was never real,” while its historically tight relationship with the Nasdaq has now broken down. Schiff Continues With His Anti-Bitcoin Narrative The latest salvo was highlighted on X by numerous analysts, summarizing Schiff’s argument that bitcoin cannot claim to […]
The post SK Hynix’s US IPO puts focus on memory stocks appeared on BitcoinEthereumNews.com.
There have been two competing theories on how Friday’s SK Hynix US debut will affect the two leading US memory chip stocks, Sandisk (SNDK) and Micron (MU). The first posits that investors will sell some of their holdings in the US companies in order to include the South Korean competitor. The second views the three as similar horses that should all benefit from the ongoing global memory shortage that has provided the sub-sector of the semiconductor industry with exploding margins and profits. The first theory seems to be the leading contender on Friday as SK Hynix is set to begin trading under the ticker SKHY sometime during the regular session. Both Micron and Sandisk shed some weight in the early going on Friday. The broader market is waxing and waning between positive and negative territory as the NASDAQ Composite and Dow Jones Industrial Average both search for direction. SK Hynix prices US
The IPO's success highlights a renewed risk appetite, potentially boosting crypto markets, but sentiment remains cautious and volatile.
The post AI chip fever lifts crypto as SK Hynix makes a splashy Nasdaq debut appeared first on Crypto Briefing.
SK Hynix's potential for more US share issuance could shift investment focus from crypto to AI, impacting capital allocation trends.
The post SK Hynix open to more US share issuance if returns are strong, signaling potential capital shift from crypto appeared first on Crypto Briefing.
The post Meta insiders sold 150 times and bought zero in the last six months appeared on BitcoinEthereumNews.com.
Meta (Nasdaq:META) executives and directors have unloaded roughly $130 million of company stock over the past six months. Across the same half year, they have bought exactly zero shares. That selling might have been more palatable if they had, as executives and directors, helped the stock price go up over that time period. They did not. META, trading on the Nasdaq, is worth less today than it was six months ago. Worse, their stock sales clustered near the higher range of 2026, months before an AI spending spree knocked the stock down. Since the start of the year, the company has lost $60 billion in market capitalization. Read more: YouTuber finds only 900 daily users in Horizon Worlds — Meta’s $36B metaverse The heaviest seller was Chief Financial Officer Susan Li. Her Form 4 disclosures show about $95 million in sales. Chief Operating Officer Javier Olivan also sold more t
