9am Hour: U.S. Debut Day for SK Hynix, Fed Chairman Warsh's Task Forces, Meta Jumps 7/10/26
Squawk on the Street
- Published
- July 10, 2026
- Duration
- 42:53
- Summary source
- description
- Last updated
- Jul 26, 2026
Discusses investing.
Summary
Carl Quintanilla, David Faber and Sara Eisen discussed a historic day for SK Hynix: The South Korean chip provider making its U.S. debut on the Nasdaq, raising more than $26 billion — the largest share sale ever by a non-U.S. company. The anchors also reacted to Fed Chairman Kevin Warsh's picks to serve on task forces: Members include venture capitalist M…
SK Hynix makes its historic $26.5B US trading debut as the S&P hovers near record highs, with Delta beating earnings, Apple eyeing a new all-time high, and AI infrastructure spending dominating market conversation.
Key takeaways
- SK Hynix's $26.5B US ADR debut—the largest-ever US share sale by a non-US company—signals voracious institutional demand for pure-play HBM (High Bandwidth Memory) exposure tied to AI infrastructure buildout.
- Meta's signaling of ~14 gigawatts of compute capacity and potential third-party leasing arrangements suggests hyperscaler capex could roughly double by 2027, a figure the Street has not yet priced in.
- Delta's Q2 beat—premium revenue up 17% YoY, full-year EPS guidance reinstated at $6.50–$7.50, and projected free cash flow of $3–4B—demonstrates that disciplined capacity management and strong travel demand are offsetting elevated fuel costs.
Why this matters
The convergence of record-scale AI-driven capital markets activity (SK Hynix ADR, Meta compute expansion, Oracle debt downgrade) and resilient consumer spending signals (Delta earnings, Apple pricing power) is reshaping sector allocation decisions and depreciation-schedule assumptions for B2B investors across semiconductors, cloud infrastructure, and travel.
Entities
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Intelligent Report
9am Hour: U.S. Debut Day for SK Hynix, Fed Chairman Warsh's Task Forces, Meta Jumps 7/10/26
Squawk on the Street
July 10, 2026
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Show notes
Carl Quintanilla, David Faber and Sara Eisen discussed a historic day for SK Hynix: The South Korean chip provider making its U.S. debut on the Nasdaq, raising more than $26 billion — the largest share sale ever by a non-U.S. company. The anchors also reacted to Fed Chairman Kevin Warsh's picks to serve on task forces: Members include venture capitalist Marc Andreessen and former Walmart CEO Doug McMillon. Also in focus: Why Meta shares jumped, Mark Zuckerberg's message on compute, Melius' Ben R
Themes
- investing