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SK Hynix officially joined the $1 trillion market cap club after shares surged 11%, fueled by record earnings and booming demand for AI memory chips used in Nvidia systems.
South Korea’s KOSPI surged to a record high after gaining roughly $220 billion in market value, driven by sharp rallies in Samsung and SK Hynix shares.
Elon Musk reportedly discussed the possibility of merging SpaceX and Tesla into a single company, creating a combined entity valued at nearly $2.85 trillion.
Micron became a $1 trillion company for the first time after shares surged 18% in a single session, driven by explosive demand for AI memory chips and tightening global supply.
Quantum computing company Quantinuum is seeking to raise about $1.05 billion in its Nasdaq IPO at a valuation near $12.7 billion, with the U.S. government expected to purchase a $100 million stake.
Taiwan officially became the world’s fifth-largest stock market after total market capitalization reached $4.95 trillion, driven largely by the explosive rally in TSMC shares.
U.S. equity markets rallied sharply as optimism surrounding a potential peace agreement between the United States and Iran pushed S&P 500 and Nasdaq futures to fresh record highs.
SpaceX officially filed for what could become the largest IPO in history, targeting a $1.75 trillion valuation and seeking to raise $75 billion as investors gain their first detailed look into the company’s finances, AI ambitions, and Starlink profitability.
Leopold Aschenbrenner’s hedge fund grew from $225 million to $13.7 billion by betting on AI infrastructure, energy, and compute bottlenecks rather than chatbot applications.
Berkshire Hathaway disclosed major portfolio changes in its latest 13F filing, adding to Alphabet and Delta Air Lines while fully exiting positions including Visa, Mastercard, and Amazon.
SpaceX has reportedly chosen Nasdaq for its anticipated IPO, which could take place as early as June 11 with shares expected to trade under the ticker SPCX.
Cerebras shares jumped 70% in their market debut after the AI chipmaker completed the largest U.S. IPO of the year amid intense investor demand.
AI chipmaker Cerebras priced its IPO at $185 per share, raising $5.55 billion and valuing the company at roughly $56 billion amid overwhelming investor demand.
Nvidia’s market capitalization climbed to roughly $5.5 trillion, exceeding the GDP of every country except the United States and China as shares hit fresh record highs.
Berkshire Hathaway’s cash reserves climbed to a record $380 billion as the company extended its streak of net stock sales to 14 consecutive quarters.