Linera Launches Babbage Testnet

SK Hynix disclosed in its financial report that mass production and shipment of HBM4 were achieved in Q2, with production and supply set to expand in H2. Samples of HBM4E were delivered in H1 using optimal process technology. The company emphasized it will continue to solidify its HBM leadership by leveraging high quality, high yield, stable supply, cost competitiveness and top-tier performance. It has also signed long-term chip supply agreements with 10 clients to boost mid-to-long-term demand visibility and address price volatility, and is evaluating additional shareholder return measures to enhance the scale and sustainability of returns. Capital expenditure is projected to reach the upper end of the 40 trillion won range in 2026. DRAM shipments are expected to rise around 10% quarter-on-quarter in Q3, while NAND shipments will see low single-digit quarter-on-quarter growth. As supply tightness eases and AI applications expand, growth momentum in smartphones and PCs will gradually recover, though related sales will be temporarily adjusted due to memory supply challenges. Improvements in AI model and software efficiency will expand accessibility and drive infrastructure demand. 2026 DRAM market demand is projected to grow at the midpoint of the 20%-30% year-on-year range, while NAND growth will hit the upper end of the 10%-20% year-on-year range.

According to market data from BIT (bit.com), SK Hynix’s US-listed stock rallied in after-hours trading, erasing its prior roughly 9% after-hours drop, and is set to host an analyst conference call at 8:00 (UTC+8).

According to BIT (bit.com) market data, SK Hynix (SKHY.O) has released its financial results. Driven by tech giants’ increased investment in AI data centers, which has fueled strong demand for advanced storage chips, the company’s second-quarter operating profit surged 557% year-on-year to 60.5 trillion won (approximately $416.2 billion), hitting a new all-time high. The figure was 9.2 trillion won in the same period last year. However, the result fell short of market expectations of 64 trillion won, mainly because its high-end storage chips (HBM) account for a larger proportion than its peers, so it failed to fully capitalize on the current strong price rally for conventional storage chips, amplifying concerns that the AI boom driving the semiconductor industry may be slowing. SK Hynix’s revenue also missed forecasts: its Q2 revenue came in at 79 trillion won, versus market expectations of 84 trillion won. Following the earnings release, SK Hynix dropped 9% during regular trading on US stocks on Tuesday, and was down as much as 9% in after-hours trading; it is currently trading 2.74% lower at $126.55 in after-hours sessions.

Storage technology company Seagate Technology announced its fourth-quarter fiscal results, reporting revenue of $3.63 billion, which exceeded market expectations of $3.49 billion. Its adjusted earnings per share (EPS) reached $5.71, also beating the market forecast of $5.08. Seagate’s stock fell 8.53% during regular U.S. trading on Tuesday, and rose 5.44% in after-hours trading.

According to market data from BIT (bit.com), SpaceX rose more than 3% against the market trend, briefly approaching $118, and has now pulled back to near the $117 level, with its market capitalization rebounding to $1.54 trillion.

According to a WSJ report, the Trump administration is advancing a proposal that would exempt space companies from certain environmental review processes to speed up approval for commercial rocket launches. The report notes that as U.S. commercial space launch activity continues to grow, annual commercial launch numbers are projected to exceed 500 in the coming years, with the administration aiming to boost industry growth by streamlining regulatory procedures. The proposal is expected to benefit multiple commercial space firms including SpaceX, Rocket Lab, Blue Origin, and Stoke Space. If the policy is enacted, the approval timeline for future launch missions at these companies could be further shortened.