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BlockBeats News, June 13th, according to Reuters citing two sources familiar with the matter, South Korean storage chip manufacturer SK Hynix is planning to choose Nasdaq as its U.S. listing platform. The global leading storage chip company hopes to leverage strong investor demand for AI-related stocks to list on the tech-heavy exchange. The listing could take place as early as August. Previously, SK Hynix's stock price has surged by about 230% this year, driving the company's market value to surpass $1 trillion in May. The U.S. listing is expected to further expand the company's investor base and enhance its visibility in the global capital markets. Sources said SK Hynix has ultimately chosen Nasdaq over the NYSE. As the information is not yet public, the two sources requested anonymity. SK Hynix declined to comment on the matter. Nasdaq has not responded to requests for comment outside of working hours. Click on the original article link below to join the BlockBeats Beating · Feishu AI News Channel, which continuously monitors global AI trends and news 24/7.

BlockBeats News, June 13th, Cathie Wood, also known as "WoodMom," from ARK Invest, made a significant change to its investment strategy on June 12, 2026 (Friday), as revealed in the daily trading disclosure. The most notable move was the cumulative purchase of 3,291,184 shares of SpaceX across multiple ETFs, totaling a transaction value of $444,309,840, demonstrating the fund's growing interest in the space technology sector. At the same time, ARK Invest significantly reduced its holdings in AMD (AMD.O), selling a total of 80,536 shares through the ARKQ, ARKW, and ARKX ETFs, with a total transaction value of $39,337,809, continuing the trend of trimming its AMD position. (Jinse)

BlockBeats News, June 13th, according to CNBC, Wolfe Research initiated coverage on SpaceX in a report on Friday, giving it an "Outperform" rating with a target price of $175. This target price represents nearly a 30% upside from SpaceX's IPO price of $135. Wolfe Research stated that despite SpaceX's $1.77 trillion valuation, which has puzzled many on Wall Street, its leading position in the launch business supported this massive valuation. The firm noted that the launch business is SpaceX's core and provides an "attractive unit economics" for other ventures. A 2025 report from Georgetown University's Center for Security and Emerging Technology revealed that SpaceX accounts for five out of every six U.S. space launches. Wolfe Research believes that the rocket's reusability gives SpaceX a cost advantage and helps maintain its dominance. Walton stated that the successful reusability of Starship is the "most critical value unlock." He also mentioned that while they do not expect SpaceX to surpass Anthropic or OpenAI on the modeling side, they anticipate SpaceX to establish a cost advantage in the final computational competition through vertical integration and space access capabilities.