SK Hynix Backs Its Suppliers, and the Risk Moves to the State
The signing took place on Monday at a promotion center for the chip cluster in Yongin, south of Seoul, on ground where SK hynix is building fabs that will not…
Forty-Seven Projects That Were Supposed to Be Running by Now
The announcement is the easy document. A developer names a county, a capacity figure and a date, and the press release reads like a commitment. The documents that follow are…
Seoul Asks Whether a Second Listing Can Sell the Same Business Twice
The question put to Korea’s top financial regulator on Monday was procedural, and the answer was not. At a parliamentary audit of the National Assembly’s political affairs committee, a lawmaker…
Nscale Seeks 30 Billion Dollars in Its IPO. Investors Are Offering Half.
The distance between what a company asks for and what buyers will pay is usually negotiated in private, across a table, with a banker in the room. For Nscale it…
Anthropic Sets Aside 5 Percent of Itself, With a Formula for More
The unusual part of the commitment was not the 5 percent. It was the clause that came after it. Anthropic said on October 18 that it will place 5 percent…
Hedge Funds Give Back Half a Year of Gains in Four Months
The number that caught attention on the Goldman Sachs trading desk was not a price. It was a z-score, below minus three for global AI stocks, measured across six consecutive…
If Everyone Is Arguing About the Bubble, the Bubble Has Time
Howard Marks does not test for a bubble by looking at the price. He tests for it by listening to the room. A real one, in his account, is a…
Two Lines on a Chart, and Fifteen Percent of Cloud Stock
On the chart, the two lines separate. One is the credit spread on the AI hyperscalers, the handful of companies that own most of the computing capacity in the world,…
The Sell Signal Is Over. It Was Never a Buy Signal.
The gauge fell to 7.4 from 8.1, and with that the sell signal that Bank of America had been running since May ended. Michael Hartnett, the bank’s chief investment strategist,…
Two Metals Fell by Half. The Buyers Never Left.
Gold reached $5,608 an ounce in January. On October 19 it changed hands near $4,112, a decline of about 27 percent from that high. Silver peaked at $121.62 and traded…
