SK Group chairman Chey Tae-won said NVIDIA CEO Jensen Huang will likely request additional memory chips at their next meeting.

Morgan Stanley says Intel has raised its full-year capital expenditure outlook to about $20bn from roughly $15bn and expects next-year spending to be materially higher; MS models roughly $30bn of capex in FY2027. The firm warns investor enthusiasm depends on confidence in long-term returns from the investments. Intel should benefit from AI demand that relies on its CPUs, supporting some server growth, but MS cautions server profitability partly requires continued supply tightness — abundant CPU supply could trigger share loss and price pressure.

U.S. Treasury says it has issued a revised Russia-related general license covering Lukoil International Ltd.