SK Hynix shares pop in their first day of Nasdaq trading, but Susquehanna is staying cautious. Brookings&#x27; Robin Brooks makes the argument for implementing another, stricter blockade of Iran oil. Plus, hoe World Cup hydration breaks could give Fox Sports a $250M boost.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SK Hynix's US Debut, Bring Back the Blockade, and a Water Break Boost  7/10/26

The Exchange

Thank you very much, Scott. The S&P and the Nasdaq are on pace for positive weeks despite today's modest moves. I'm Kelly Evans and welcome to The Exchange. Gold, by the way, is on track for a down week and that's as odds of a rate hike this year have jumped to 63% now amid renewed tensions with Iran. We'll have more on that in a little bit, by the way, with Robin Brooks.

We're also tracking shares of SK Hynix soaring 17% on their US IPO today after increasing that price last night. As for the rest of the memory trade, Micron's fractionally lower, trying to avoid its first three-week losing streak in nearly a year. But the rest of the group seeing some gains and poised for their first positive week in three. We'll talk more about this right now, actually.

Let's begin with these questions about the future of the biggest names in the market, with several of the Mag 7s still under pressure as they struggle to fund and win the AI race. One notable standout, though, is Apple. It's on track for back-to-back weekly gains for the first time in over a month, and the company is close to overtaking NVIDIA now as the world's biggest public firm. Let's talk about it with Sylvan Capital's Michael Sansatera in today's opening exchange. Michael, it's great to have you. Welcome. Nice to see you, Kelly.

So we just highlighted this back and forth. The memory and chip trade is up ninefold, but then it's had three down weeks. And now the Mag 7, some of them are breaking out. Others are—the whole grouping really doesn't make sense anymore.

SK Hynix's US Debut, Bring Back the Blockade, and a Water Break Boost 7/10/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

SK Hynix's US Debut, Bring Back the Blockade, and a Water Break Boost 7/10/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.