Hollywood Chases Internet Horror, Love Island Prediction Markets, Phoebe Gates Affiliate Drama, 𝕏 Timeline Reactions & More

**Jordi Hays** (0:00)
You're watching TBPN.

**John Coogan** (0:02)
Today is Friday, July 10th, 2026 We are live from the TBPN, Altredo, the Temple of Technology, the Fortress of Finance, the Capital of Capital. Let me tell you about ramp.com. Time is money, save both, easy use corporate cards, bill pay, accounting, and a whole lot more, all in one place. SK Hynix is up, successful IPO, up 14% in the Wall Street Debut. The South Korean memory chip giant, SK Hynix, made its NASDAQ debut today, raising $26.5 billion in the largest ever first-time US share sale by a foreign company. Demand reportedly exceeded the available shares more than sevenfold, but to give a sense of the scale of this thing, normally when we hear about 7X oversubscribed IPOs, you might be expecting 100% pop, 80% pop, but at this level of price and demand, you're just seeing a 14% pop, but still a great debut nonetheless.
The company's American depository receipts opened, the ADR shares opened at 170, 14% above the 149 they were offered at, giving SK Hynix a market cap of roughly $1.03 trillion.
We got another one, another- Another one. Another trillion dollar company in the AI boom. The Blockbuster listing caps an extraordinary run for memory manufacturers fueled by surging demand from AI systems, particularly for high bandwidth memory used alongside advanced AI accelerators. SK Hynix, Samsung, and US-based Micron dominate the global memory market, and SK Hynix's Korean listed shares are up over 600% in the past year.

**Jordi Hays** (1:46)
Tyler, is that good?

**John Coogan** (1:47)
You rushed to gain exposure to one of the AI boom's most critical bottlenecks, but it's been tricky to get shares and participate in SK Hynix. You got to go over to the CUSPY, you got to go over to the South Korean index. Instead, now you can just head to the NASDAQ and get your ADR shares in SK Hynix. So congratulations to the whole team over there, a massively successful IPO.
There's more coverage in the Wall Street Journal. The Wall Street Journal asks a question. They say, why is SK Hynix trading under a temporary ticker symbol?
They're currently trading under the temporary ticker SKHYV before reverting to a permanent ticker on Monday, SKHY. The V is the temporary symbol, in the temporary symbol, indicates the shares are trading on a when-issued basis. They haven't been fully issued yet, meaning the exchange is allowing investors to buy and sell the stock on its first US trading day before the transaction actually settles. They're sort of being eased into the American markets. This is not the case with all ADRs, all American depository receipts, but rather a tool used to close the gap when a transaction has been announced, but the actual delivery of the shares hasn't finished. So all in process now to bring SK Hynix to the American markets. That looks like a lot of red, but the stock is up. It just opened at 170, and so the fact that it is flat relative to where it opened does not reflect the 14 percent pop or 16 percent pop. What was it? The 14 percent pop from the actual issuance price. Most of the folks that bought shares in the IPO, that $26 billion that went into the company. Of course, situational awareness. There were a few others. Bailey Gifford all participated early, at least according to early news.
I assume that those transactions closed. They are all sitting up 14 percent today and will be continuing to follow this.

**Jordi Hays** (3:42)
Kanner in the chat says CERN has only been off for a week and John is dressing casual.

**John Coogan** (3:47)
Oh, you think it's a conspiracy. I like it. Well, before we move on to the next story, let me tell you about Cisco, critical infrastructure for the AI era.
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5.6 launched yesterday, 5.6 Seoul and Seoul Ultra. And people are having fun with it. More and more demos are hitting the timeline. There's a lot of controversy over the desktop app for Mac. We can get into that. But first, let's play a little bit of this video. Someone tried to recreate all of Interstellar truly trying to infuriate Christopher Nolan the most, probably. This is the exact opposite of what he wants to see, I imagine, considering that he doesn't even use CGI very often. Some miniatures, occasionally. He uses a little bit of movie magic here and there, some set extensions, I'm sure.
But this is an incredible demo, although I don't think this will be picking up a billion dollars at the box office anytime soon. But it is incredible that you're able to go from prompt to 3D model, to rendering so quickly. Very, very cool demo, and it feels like a new meme, a new art form. You have to be creative with it. Merely recreating Interstellar is not going to do it anything. It's not going to do anything other than just be an impressive demo of the technology. But when you look at what people have done with Blender, you can imagine that with creativity added to this in a new storyline and something that leans into the rough edges of this particular.