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

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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.

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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.

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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.

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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.

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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.