South Korean memory chip maker SK Hynix (SKHY) has surged 27% on Tuesday to $193.50.
The move comes after some shaky price action following its U.S. IPO at $149 late last week.
The Nasdaq itself is higher by 1% on Tuesday, with U.S.-based memory chipmaker Micron Technology (MU) up 4.9%.
As for that other high-profile IPO, Space X (SPCX) slipped another 2.2% on Tuesday, now trading only barely above its $135 offering price at $136.08.
"At 3 p.m. ET today, U.S. Central Command forces began launching an additional round of strikes against Iran to continue degrading Iranian capabilities used to attack commercial shipping in the Strait of Hormuz," the U.S. Central Command posted to X minutes ago.
"The strikes are taking place as American forces prepare to resume the naval blockade against Iranian ports and coastal areas. The blockade goes into effect at 4 p.m. ET."
Risk markets aren't really reacting, the Nasdaq remaining higher by 1% and bitcoin up by nearly 4% over the past 24 hours at $64,500.
WTI crude oil is trading just shy of $80 per barrel, up 2% for the day.
New York State Governor Kathy Hochul, on Tuesday morning, signed an executive order barring the construction of data centers using 50 megawatts or more of power per year.
The Empire State thus becomes the first U.S. state to impose such a ban.
"The intellectual version of a COVID Mask," wrote investor Chamath Palihapitiya, "You may think you’re doing something smart but you’re not."
Former bitcoin miner turned AI data center player, TeraWulf (WULF) is lower by 7% to $19.44 on the news, given its sizable New York operations.
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