00:01 Speaker A
Time now for to watch Friday, July 10th.
00:04 Speaker A
The AI trade remains in the spotlight as SK Hynix is set to list its shares in the US under the ticker SKHY. Korean chipmakers listing is reported to be the largest American depository receipt offering in market history.
00:19 Speaker A
This move comes as demand for AI infrastructure continues to surge. Some of SK Hynix’s clients include AI chip heavyweight Nvidia, Google, and Microsoft.
00:30 Speaker A
Sticking with the AI trade, Taiwan Semiconductor will be in focus as that company reports June sales. Investors will be watching for signs that demand for AI chips remains strong after that company’s May sales rose 30% from a year ago.
00:46 Speaker A
The update will offer another look at the strength of AI related spending ahead of TSMC’s second quarter earnings report.
00:54 Speaker A
Turning to earnings, Delta Airlines gears up to report its second quarter results before the opening bell. Investors hoping growth in the premium business will continue to cushion the impact of rising fuel costs and capacity cuts stemming from those expenses.
01:09 Speaker A
And lastly, a major bipartisan housing bill that President Trump has so far refused to sign is set to become law on Friday if he does not act. The bill passed by Congress includes measures designed to improve housing affordability.
01:21 Speaker A
That legislation will become law at midnight on Friday into Saturday unless Trump vetos it.
