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REDDIT

The AI Capex Cuts Never Came. The Spending Is Paying Off

K
Jul 31, 2026 · 05:40

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SK Hynix chairman bought 3,620 shares of the company, marking his first direct investment in the memory firm.

A fund moved nearly all its public equity holdings to Citadel after heavy losses forced full unwinding.

Short covering helped push the SOX PHXL Semiconductor Index 8.19% higher recently. Does the AI capital expenditure rally still have more room to run?