$28B SK Hynix IPO looms as AI stocks roar back 5%+
AI semiconductor stocks staged a powerful rebound on July 6, with Broadcom up 5.3% and Micron +4.2%, ahead of SK Hynix’s $28 billion Nasdaq IPO. TeraWulf soared 16.9% on a $19 billion data center deal with Anthropic, highlighting the capital intensity and volatility driving the AI trade.