- SK Hynix reported blowout earnings; memory capacity sold out for three years
The Nasdaq is gaining this morning. Chip stocks lead after SK Hynix reported blowout earnings, saying capacity for some memory products is sold out for three years. Alphabet and Microsoft report after the close. The Fed is expected to leave rates unchanged. Oil prices rose on reports the US has told Gulf countries to prepare for a short military campaign against Iran after midterms.
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