Today’s Top Stories: Qualcomm, Micron, SK Hynix, IREN, and Space Stocks Make Big Moves

TLDR

• Qualcomm hit an all-time high after landing an AI chip deal with ByteDance
• Paul Tudor Jones raised his IREN stake by 57%, betting on AI infrastructure growth
• SK Hynix surged 7% after Nvidia said AI chip demand has “gone parabolic”
• Micron jumped 6% following Trump praise and a UBS price target hike
• Space stocks rallied sharply, with AST SpaceMobile, Rocket Lab, and Redwire leading gains

Qualcomm Hits All-Time High After ByteDance AI Chip Deal

Qualcomm stock reached a new all-time high after securing a deal to supply AI chips to ByteDance, the parent company of TikTok. The deal marks a new chapter for Qualcomm as it pushes beyond mobile chips into the AI hardware market.

Paul Tudor Jones Raises IREN Stake by 57% in AI Infrastructure Bet

Billionaire investor Paul Tudor Jones increased his position in IREN by 57%, reflecting growing institutional confidence in AI infrastructure companies. IREN has been expanding its data center capacity to meet rising AI workload demand.

SK Hynix Surges 7% on Nvidia’s “Parabolic” Demand Comments

SK Hynix shares jumped 7% after Nvidia stated that demand for its AI chips has “gone parabolic.” As a key supplier of high-bandwidth memory to Nvidia, SK Hynix is directly tied to the AI chip boom.

Micron Jumps 6% After Trump Praise and UBS Price Target Hike

Micron rose 6% after President Trump publicly praised the company at a White House semiconductor event, and UBS raised its price target citing strong AI-driven memory demand.

Space Stocks Rally — AST SpaceMobile, Rocket Lab, and Redwire Lead the Charge

Space stocks surged on a mix of new contracts, rising government spending, and growing investor interest in satellite connectivity. AST SpaceMobile, Rocket Lab, and Redwire were among the top performers in the session.

The post Today’s Top Stories: Qualcomm, Micron, SK Hynix, IREN, and Space Stocks Make Big Moves appeared first on CoinCentral.