Intel reportedly nearing a packaging deal with memory giant SK Hynix

Intel may be on the verge of securing South Korean memory giant SK Hynix as a major customer.

According to ZDNet Korea, SK Hynix is considering using Intel’s technology for packaging its high-bandwidth memory chips together with logic dies.

If realized, this would see Intel build on momentum from reports just days ago in which Apple reached a preliminary agreement for the chipmaker to manufacture Apple silicon in America.

The AI boom has been turning around Intel’s once struggling foundry business, and CPUs (a longtime strength) are experiencing a surge in demand thanks to the compute needs of AI agents.

Supported by the US government (which holds a 10% stake in Intel), the company’s expanding foundry footprint offers a domestic alternative for data center build-outs in a world where floor space is a major constraint.

Shares of Intel have risen over 220% year to date.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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