US Morning News Call | OpenAI Eyes $500B Lease for 10GW Ohio Data Center Campus with Nvidia Backing
Key Takeaways:
• US Military Strikes Iran Following Helicopter Downing in Strait of Hormuz
• OpenAI Eyes $500B Lease for 10GW Ohio Data Center Campus with Nvidia Backing
• TSMC Reports Record May Revenue of NT$416.98 Billion with 30.1% YoY Growth
• SK Hynix Targets U.S. Listing as Early as August
• Key Earnings: ORCL, etc.
🔔Before the Bell
U.S. stock futures slid early Wednesday after the U.S. carried out "self-defense strikes" against Iran in retaliation for the downing of a helicopter the previous day.
$E-mini NASDAQ 100 Futures (SEP6) (NQmain.US)$ went down by 1.29%;
$E-mini S&P 500 Futures (SEP6) (ESmain.US)$ went down by 0.89%;
$E-mini Dow Futures (SEP6) (YMmain.US)$ went down by 0.82%.
US Military Strikes Iran Following Helicopter Downing in Strait of Hormuz
US military conducted strikes against Iranian targets following Iran's downing of an American Apache helicopter in the Strait of Hormuz. CENTCOM described the action as a proportional response to Iranian aggression.
OpenAI Eyes $500B Lease for 10GW Ohio Data Center Campus with Nvidia Backing
OpenAI is in talks to lease a 10-gigawatt data center campus on federal land in Ohio under a 20-year agreement that could cost over $500 billion, with the first phase expected online by 2028. The facility would be developed by SoftBank's SB Energy, while $NVIDIA (NVDA.US)$ is reportedly set to supply hardware and provide a financial guarantee for OpenAI's lease and SB Energy's financing.
TSMC Reports Record May Revenue of NT$416.98 Billion with 30.1% YoY Growth
$Taiwan Semiconductor (TSM.US)$ announced May 2026 revenue of NT$416.98 billion, up 1.5% month-over-month and 30.1% year-over-year, setting a new monthly record. First five months revenue totaled NT$1.962 trillion, up 30.0% year-over-year.
Super Micro Computer Plans $7 Billion Equity Raise
$Super Micro Computer (SMCI.US)$ announced plans for a $7 billion equity raise to capitalize on booming AI server demand and strong order backlog.
SK Hynix Targets U.S. Listing as Early as August
South Korea's SK Hynix, a key Nvidia supplier and the world's second-largest memory chipmaker, is reportedly planning a U.S. ADR listing as soon as August, with SEC approval expected during the week of June 22. The offering, which could raise up to $14 billion, would broaden its investor base.
🪙Crypto News
House Crypto Tax Hearing Exposes Partisan Divide Over Legislative Urgency
The House Ways and Means Committee debated seven Republican-led bills on digital asset taxation, covering issues such as small-transaction tax limits, deferred taxation for mining and staking, and extending wash sale rules to crypto. While Republicans pushed for action, Democrats urged caution against rushing the process, citing an education gap and concerns that some provisions deviate from general tax principles.
Market Events
Key Economic Events
08:30 CPI
Key Results
🔔After Market
The market anticipates $Oracle (ORCL.US)$ revenue of $19.09 billion, up 20.06% YOY, with net income at $4.3 billion, a 25.32% YOY increase.
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