Anthropic IPO Filing Lifts Memory Stocks; Nomura Sees Shortage Lasting to 2028; SK hynix Weighs $12B Special Dividend

Anthropic’s public S-1 filing gave AI and memory stocks a lift on October 26, with Rambus up 5.45% and SK hynix up 4.09%. Nomura argues the memory shortage could persist to 2028, CXMT reached 10% of global DRAM revenue, SK hynix is reportedly weighing a $12 billion special dividend, and Samsung and SK hynix head into earnings week with record numbers on the line.

Key takeaways

• Anthropic filed its S-1 on October 26 for a Nasdaq listing as “ANT,” reporting first-half 2026 revenue of $16.29 billion, up 1,304% year on year; memory stocks rallied on the filing.
• Nomura says the memory sector’s roughly 37% pullback has over-reflected AI-capex worries, and the shortage could last to 2028.
• Counterpoint Research puts CXMT at 10% of global DRAM revenue in Q2 2026, up from about 4% a year earlier and firmly fourth place.
• SK hynix is reportedly weighing a ~16 trillion won ($12 billion) special dividend from Kioxia gains; the company says nothing is decided — details come October 28.
• Samsung guided to a record 107.4 trillion won in Q3 operating profit; SK hynix reports October 28, Samsung October 29.
• JCET raised its 2026 investment plan by 65% to RMB 18.2 billion; GPGPU maker Denglin Technology cleared its Hong Kong listing hearing.

Anthropic S-1 lifts AI and memory stocks

Anthropic publicly filed its S-1 on October 26, applying to list on Nasdaq as ANT with Goldman Sachs and Morgan Stanley leading the offering. The filing shows first-half 2026 revenue of $16.29 billion, up 1,304% from $1.16 billion a year earlier; second-quarter revenue was $11.56 billion with a $974 million operating profit. Growth is increasingly channeled through the clouds: 48% of first-half sales came via the Google, Amazon and Microsoft marketplaces, versus 11% in 2023, and channel-partner fees rose $2.7 billion year on year. The filing also shows an $80.7 billion first-half net loss, mostly non-cash fair-value charges rather than operating cash burn. Memory and storage names rallied — Rambus up 5.45%, SK hynix 4.09%, Western Digital 3.63%, Micron 2.98% and Seagate 2.18% — as the numbers eased fears that AI spending was stalling. Separately, Meta said it plans to raise up to $95 billion for AI investment, with Nvidia, AMD and Broadcom indicating interest in up to $5 billion combined.

Nomura: memory shortage could run to 2028

Nomura argues the memory sector’s roughly 37% pullback from its highs has over-reflected AI-capex worries — some names now trade near 3 times expected 2027 earnings. With AI capital spending resilient and new capacity slow to arrive, the brokerage expects the shortage to persist into 2028. The real debate is not whether demand exists but whether AI capex holds and when capacity actually releases: if cloud builders keep expanding while Samsung, SK hynix and Micron steer wafers to HBM and server products, conventional DRAM and enterprise-SSD tightness will endure.

CXMT reaches 10% of global DRAM revenue

Counterpoint Research puts CXMT at 10% of global DRAM revenue in Q2 2026, up from about 4% a year earlier — a solid fourth behind Samsung (38%), SK hynix (25%) and Micron (24%), and the first time in over a decade the top three’s combined share has fallen below 90%. YMTC keeps expanding in NAND and pushing higher-layer 3D NAND. In Seoul, a Samil PwC report urges Korean makers to sharpen commodity-memory cost competitiveness while doubling down on HBM. If CXMT keeps ramping capacity and advances server DDR5, its impact on global share will be one of the market’s key swing factors.

SK hynix reportedly weighs $12 billion special dividend from Kioxia gains

SK hynix will unveil new shareholder-return measures with third-quarter results on October 28. Dong-A Ilbo reports the company is considering a special dividend of about 16 trillion won ($12 billion) — roughly 80% of the 20 trillion won first-half gain from selling down its Kioxia stake. SK hynix told regulators nothing is decided and it is reviewing various options. The payout would sit on top of a commitment to return over 50% of 2025–2027 free cash flow and a 40 trillion won buyback-and-cancel program, and follows the decision to halt Solidigm’s US IPO. A payout near the reported size would signal strong confidence in cash flow — even as the memory-stock slide shows investors still questioning how long the AI cycle lasts.

Earnings week: Samsung and SK hynix put AI memory to the test

SK hynix reports on October 28, with consensus around 96.66 trillion won in revenue and 7.6 trillion won in operating profit; Samsung follows on October 29 after guiding to a record 107.4 trillion won in operating profit, its first quarter above 100 trillion. Beyond the profit lines, watch HBM shipment volumes, customer qualifications, 2027 capacity plans and DDR5 pricing — the same wafer-allocation question drives both the earnings story and the shortage story.

JCET raises 2026 capex plan to RMB 18.2 billion

JCET’s board approved a mid-year revision on October 22 lifting its 2026 investment plan from RMB 11.01 billion to RMB 18.2 billion, with fixed-asset investment up from RMB 9.98 billion to RMB 17.31 billion; the plan still needs shareholder approval. The quarter behind it was strong — record revenue of RMB 11.43 billion, up 13.53% year on year, and net profit of RMB 773 million, up 59.99%, with nine-month profit up nearly 70%. JCET is already building a RMB 7.8 billion advanced packaging plant in Shanghai’s Lingang area, announced in June.

Denglin Technology clears HKEX hearing in push for domestic GPGPU

Suzhou-based GPGPU maker Denglin Technology passed its Hong Kong Stock Exchange listing hearing on October 26. Proceeds will go to upgrading and commercializing its GPU lines, new product and software-toolchain development, and sales expansion. Denglin’s GPU+ (Minsky) architecture integrates a GPGPU core, AI acceleration and high-bandwidth on-chip memory in a single chip, and it claims about 1% of China’s enterprise AI GPGPU market, ranking third domestically.

Sources

• VentureBeat, October 26, 2026 — Anthropic files S-1 for Nasdaq listing as ANT, H1 2026 revenue of $16.3B — https://venturebeat.com/technology/anthropic-files-to-go-public-on-nasdaq-as-ant-with-16-3b-in-revenue-for-first-six-months-of-2026
• Bloomberg via Yahoo Finance, October 26, 2026 — SK hynix weighs ~16 trillion won special dividend from Kioxia gains — https://sg.finance.yahoo.com/news/sk-hynix-shares-defy-ai-022420041.html
• TradingKey, October 26, 2026 — SK hynix Q3 preview: consensus revenue and the reported special dividend — https://www.tradingkey.com/analysis/stocks/us-stocks/262238750-sk-hynix-q3-earnings-preview-hbm4-special-dividend-skhy-tradingkey
• Samsung Newsroom, October 8, 2026 — Q3 2026 earnings guidance: ~195 trillion won sales, 107.4 trillion won operating profit — https://news.samsung.com/global/samsung-electronics-announces-earnings-guidance-for-third-quarter-2026
• Counterpoint Research, September 2026 — global DRAM market share, Q2 2026: CXMT at 10% — https://counterpointresearch.com/en/insights/global-dram-and-hbm-market-share
• TechNode, September 4, 2026 — CXMT reaches 10% of global DRAM market in Q2 — https://technode.com/2026/09/04/changxin-memory-reaches-10-of-global-dram-market-in-q2/
• CLS.cn, October 22, 2026 — JCET raises 2026 investment plan to RMB 18.2 billion — https://www.cls.cn/detail/2512575

FAQ

Why did Anthropic’s IPO filing lift memory stocks?

Because it offered hard evidence that AI demand is still compounding: first-half 2026 revenue of $16.29 billion, up 1,304% year on year, eases the market’s biggest fear — that surging data-center spending would stall. Memory and storage names are direct beneficiaries of that spending, so the filing lifted Rambus, SK hynix, Western Digital, Micron and Seagate on October 26.

Has SK hynix confirmed the $12 billion special dividend?

No. The roughly 16 trillion won figure comes from a Dong-A Ilbo report; SK hynix told regulators it is reviewing various shareholder-return measures with nothing decided. Details are expected with third-quarter results on October 28. The payout would draw on gains from selling down its Kioxia stake and would sit on top of a 40 trillion won buyback program and a commitment to return over 50% of 2025–2027 free cash flow.

How significant is CXMT reaching 10% of global DRAM revenue?

It is a structural milestone. CXMT’s share rose from about 4% a year earlier to 10% in Q2 2026, and the top three suppliers’ combined share fell below 90% for the first time in over a decade. The gain was enabled by incumbent makers shifting wafers to HBM, leaving conventional DRAM supply that CXMT filled.

What should investors watch in the Samsung and SK hynix earnings?

Beyond headline profit — Samsung’s guided record 107.4 trillion won in Q3 operating profit and SK hynix consensus of 7.6 trillion won — the signals that matter are HBM shipment volumes, customer qualification progress, 2027 capacity plans and DDR5 price trends. Those items determine whether the conventional-DRAM shortage that Nomura sees lasting to 2028 will actually persist.