Gary Black: U.S. tech stocks steady as investors await MU results and $29.4B SK Hynix listing

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21 hours ago

Gary Black: U.S. tech stocks steady as investors await MU results and $29.4B SK Hynix listing — Tech stocks stabilize, SK Hynix plans listing

Gary Black, managing partner, investor at The Future Fund, reports that U.S. markets halted their decline in tech stocks as investors look ahead to tonight's MU earnings release. Oil prices fell to $76 per barrel amid safe tanker movements through Hormuz and signs of U.S.-Iran peace progress.

SK Hynix is preparing a $29.4 billion U.S. listing to expand its AI memory capacity, according to Black. Easing inflation continues to influence market sentiment.

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Black has recently highlighted renewed Wall Street interest in custom AI chips, with AVGO and MRVL shares rising ahead of earnings. He also tracked the SPCX IPO debut, which opened at $150 and climbed to $164. These updates come as investors assess tech-sector moves and shifting market sentiment.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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