SK Hynix's Nasdaq debut powers chips and AI

Today's Market

On the 10th (local time) the S&P 500 +0.4%, Nasdaq +0.3%, and Dow +0.3% closed higher. SK Hynix's Nasdaq listing drove semiconductor and AI strength that lifted the indices.

• SK Hynix's US debut stoked chip/AI sentiment across tech

• VIX fell -5.1% (15.03) and oil eased -0.9%, bringing risk appetite back

• Even so, software and security names (CRWD, ZS, DDOG) fell — a split within tech

Market Data

S&P 500

7,575.39

▲0.42%

NASDAQ

26,281.61

▲0.29%

DOW

52,637.01

▲0.29%

VIX

15.03

▼5.11%

Sector Heat Map

SPY benchmark + 11 GICS sectors · 1-day

S&P 500 SPY +0.43%	Technology XLK +0.23%	Comm. Svcs XLC +1.02%	Cons. Discr. XLY +0.33%
Cons. Staples XLP +1.11%	Energy XLE +0.47%	Financials XLF +0.31%	Health Care XLV −0.82%
Industrials XLI +0.45%	Materials XLB +1.25%	Real Estate XLRE +0.50%	Utilities XLU +0.62%

In Focus

SK Hynix's blockbuster Nasdaq debut 🚀

The Korean memory leader's US ADR listing reignited AI/memory optimism

• SK Hynix listed ADRs on the Nasdaq, drawing attention with a large capital raise

• AI/memory demand hopes spread into broad strength across global chip names

• The read-through supported AI-chip sentiment for Nvidia and peers

A split within tech — chips up, software down 📊

The indices rose, but the gains were concentrated in semis and AI

• Cybersecurity and cloud lagged — CrowdStrike, Zscaler and Datadog fell 4-5%

• Meta jumped +6.0% on an unclear catalyst; reporting says it was unrelated to its new AI model

• Rotation ahead of earnings season (banks start the 14th) and the CPI print

This Week

ALL TIMES EASTERN (ET)

• Tue 7/14 JPM earnings | EPS est $5.66

• Tue 7/14 BAC earnings | EPS est $1.12

• Tue 7/14 GS earnings | EPS est $14.30

• Tue 7/14 CPI

• Wed 7/15 JNJ earnings | EPS est $2.85

• Wed 7/15 PPI

• Thu 7/16 TSM earnings | EPS est $3.83

• Thu 7/16 Retail Sales

• Fri 7/17 Industrial Production

For informational purposes only. Not investment advice. All investment decisions are your own responsibility.

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