SK Hynix (SKHY.O) said it expects AI-related investment by cloud service providers (CSPs) to continue beyond next year.

SK Hynix (SKHY.O) said there is currently no detailed information on any factories beyond the investments it has already announced.

CIBC Private Wealth US CIO Gary Puzzegio said hawkish comments on price stability from Fed officials and a batch of soft data (CPI and nonfarm payrolls) may be sufficient to keep the Fed on hold in July. Rate futures point to a July pause, he said, but expectations for a September rate increase have been rising. With geopolitical risks and substantial time before the Sept. 16 meeting, the Fed will have more data to digest.