SK Hynix Gains, Infosys Drops, Jio Platforms Jumps
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SK Hynix shares surged after better-than-expected quarterly results, as investors saw more clarity around its earnings outlook following comments that its memory chips were sold out through 2029.
- The demand from OpenAI and Oracle for Google TPUs has diversified the tech trade with substrate and circuit board names flying, including in China.
- In India, Jio Platforms Ltd.’s blockbuster stock market debut has propelled the digital company as well as its parent Reliance Industries Ltd. into rarified air. It also helped Mukesh Ambani’s conglomerate topple Tata Group as India’s largest conglomerate by market value.
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