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• SK Hynix disclosed plans to spend approximately 11.9 trillion won, or roughly $8.6 billion, acquiring ASML's EUV lithography systems.
• AXT's subsidiary AXT-Tongmei signed a three-year supply agreement with Coherent Corp including a $22.29 million prepayment.
• The decline follows a report that O'Reilly submitted a cash bid for Genuine Parts Company's NAPA auto parts business.
• A research firm raised its 12-month price target on the stock to $465 from $350 while maintaining a buy rating.
• Broadcom announced an expanded custom chip partnership with Apple extending through 2031.
• A research firm raised its 12-month price target on AMD to $640 from $450 while maintaining a buy rating.
• Broadcom shares jumped about 4.4% in Tuesday trading to $376.38, up from a prior close of $360.45.
• Micron Technology and Ford announced a long-term Strategic Customer Agreement covering memory and storage supply.
• The move follows a report that O'Reilly Automotive submitted a cash bid for the company's NAPA auto parts business.
• Bank of America raised its price target on IBM to $330 from $315 while maintaining a buy rating.
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