News linked to both this project and an event.
Morgan Stanley notes that the memory super cycle is real, but the market continues to price based on the old cycle, failing to reflect full valuation multiples. Memory stocks have already rallied 9-fold since the cycle's inception, amid moderating earnings revision breadth. The firm recommends overweighting the AI compute and networking supply chains, taking a selective approach to memory with a preference for Samsung, SK Hynix, and Kioxia.
HyperLink announced on X that it has completed a $2.5 million funding round, with investors including Alliance, North Island Ventures, Reverie, Node Capital, Breed, and smartestmoney.hl. HyperLink stated that the protocol's routed trading volume reached $254 million last month, accounting for 0.1% of Hyperliquid's trading volume, with the next phase targeting 10% of trading volume.