Nvidia Secures Potential $500 Billion SK Hynix Memory Deal

According to CNBC, Nvidia has secured a memory supply agreement with SK Hynix that could be worth up to $500 billion as the chipmaker looks to ease supply concerns during a global memory shortage. The source also said the S&P 500 industrials sector is trading above a price-to-earnings ratio of 30, while cocoa futures were last at $5,327 per metric ton, down 34% over the past year after surging to almost $12,000 per metric ton at the end of 2024.