Evening Scan

Markets opened the week in rally mode on AI enthusiasm — then the actual AI hardware news arrived. Nvidia's next flagship rack got pushed to 2028, the Treasury drafted a dotcom-bubble warning, and SK Hynix chose today to launch a $28B Nasdaq listing anyway.

$28B — SK Hynix's Nasdaq listing size, launched today, making it one of the largest US share sales of the year. The timing, mid-AI-hardware-delay news cycle, reads as either brave or precisely calculated. (Reuters)

Nvidia's Kyber AI Rack Slips to 2028 Over a Single Circuit Board

A PCB manufacturing problem has pushed Nvidia's NVL144 rack more than 12 months, and the NVL72x2 architecture got cancelled outright. Blackwell Ultra now carries the interim load. (CNBC)

Draft Treasury Report Warns AI Market Looks Like the Dotcom Crash

The department hasn't published it yet, but the fact that it exists — and leaked today, of all days — is doing most of the work. (NOTUS)

SK Hynix Launches ~$28B Nasdaq Share Sale to Ride the AI Wave

17.79 million new shares, final price due Thursday, trading starts Friday. The memory giant is betting the AI infrastructure buildout has enough runway to absorb a listing this size. (Reuters)

Novartis Buys UK Biotech Myricx for Up to $1.5B

The acquisition targets a new class of antibody-drug conjugates for cancer — early-stage science, but Novartis is paying acquisition-stage prices to move ahead of it. (The Next Web)