SK hynix Inc.

Samsung Electronics Co., Ltd.

OpenAI promises to supply two South Korean companies with demand for memory chips at twice the current global capacity 

Samsung shares hit 4-year high, SK Hynix hits record after OpenAI deal

Fermi

Elon Musk became the first whose fortune reached $500 billion. At the same time, his company SpaceX lost to OpenAI, which received a valuation of a similar amount - $500 billion - after the secondary sale of employee shares for $6.6 billion. Now the ChatGPT developer is the most expensive private company in the world. Thanks to the partnership with OpenAI, the quotes of South Korean Samsung and SK Hynix jumped up. These and other topics are in our review of the key events for the morning of October 2.

Top story for the morning: Musk's fortune hits $500 billion, OpenAI beats SpaceX in valuation

KLA Corporation

Applied Materials, Inc.

Lam Research Corporation

The ban would limit Samsung and SK Hynix's ability to manufacture chips in China and jeopardize Beijing's access to a range of technologies

The US has banned shipments of chipmaker equipment to China. Who will lose from this?

Micron Technology, Inc.

Taiwan Semiconductor Manufacturing Company Limited

The U.S. Commerce Department is pushing the idea of giving government subsidies to chipmakers in exchange for their stock, and Trump likes the idea, sources tell Reuters

Trump follows Intel stock by targeting stakes in Micron, TSMC and Samsung - Reuters

Tesla, Inc.

Tesla quotes in OTC trading went down after two days of growth

Tesla has shut down the Dojo supercomputer project. Who benefits from it?

Paramount Skydance Corporation

Amazon.com, Inc.

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

Morning in New York: US-China trade talks take center stage

Investors are undervaluing Samsung, says Ninety One Global Strategy, manager of one of the most profitable Asian equities funds in the world

Morningstar called Korean stocks the best bet in Asia and emerging markets

SK Hynix and Samsung quotes rose sharply amid weakening geopolitical risks

#Samsung Electronics: 8