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AI & Enterprise

Jim Cramer on SK Hynix Nasdaq debut: Buy small, add on dips, brace for rollercoaster

SK Hynix will begin trading on Nasdaq in the form of American depositary receipts, opening direct access for U.S. investors to the AI memory growth theme. Jim Cramer called the move a new AI investment opportunity but warned about the memory sector’s high volatility and cyclical risks. He advised starting with a small position and buying more on weakness. He also pointed to strong demand for high-performance memory such as HBM.

Industry

SK hynix set to raise up to 43 trillion won from Nasdaq ADR listing

SK hynix is set to list American depositary receipts on Nasdaq on July 10 local time, aiming to raise up to about 43 trillion won, or around $28 billion. It will issue 17.79 million new ADRs under a 10-to-1 structure, trading as SKHY. Strong institutional demand has been reported. The company plans to use proceeds for major facility investment including fabs, advanced packaging and EUV tools, while pursuing shareholder returns.

Crypto

Clarity Act in flux as XRP and bitcoin face joint test

The probability of the U.S. CLARITY Act passing before the Senate’s August recess has swung as talks slow amid an ethics dispute over President Donald Trump’s crypto income. XRP posted strong usage and volume indicators, including a surge in XRPL payments, but its price stayed rangebound, prompting skepticism. Bitcoin rebounded for four days to regain $62,000, while prominent figures offered sharply opposing outlooks. South Korean regulators also tightened oversight.