Cleveland Fed President Beth Hammack warned that inflation remains stubbornly high at 3.5% year-over-year, nearly double the Fed's 2% target, and flagged AI-driven demand as a new inflationary pressur…
The PHLX Semiconductor Index (SOX) has entered bear market territory, falling nearly 20% from its late-June peak and erasing roughly $1.5 trillion in market value, as the AI chip rally reverses. Analy…
SK Hynix's American Depositary Receipts fell below their $149 listing price for the first time on July 13, erasing the entirety of their debut rally in less than a week of trading. The South Korean me…
Apple has overtaken Nvidia to become the world's most valuable publicly traded company, ending a reign Nvidia built on demand for AI chips. Apple shares jumped nearly 5% on July 3, 2026, after reports…
Zhipu AI's open-weight GLM-5.2 model matches Anthropic's Mythos in cybersecurity benchmarks at one quarter the cost per token, narrowing the AI capability gap between China and the US. The model excel…
Investors are rotating out of semiconductor stocks like Samsung, Micron, and AMD into the cybersecurity sector amid concerns over valuation and sustainability of AI infrastructure spending, despite Sa…
Chinese AI startup Moonshot unveiled its Kimi K3 model on July 17, 2026, with 2.8 trillion parameters, making it the largest open-weight AI model globally and triggering a sharp drop in AI and semicon…
Velvet Capital's AI-powered trading terminal VelvetX announced support for Robinhood Chain on July 7, enabling single-transaction cross-chain swaps from Solana, Base, BNB Chain, and Ethereum without m…
OpenAI updated its ChatGPT desktop app on July 16-17 with synchronized chat history across devices and improved mode switching between Chat and Work, fixing issues from the July 9 unified app launch t…
AMD reported Q1 2026 revenues of $10.25 billion, a 38% year-over-year increase, with data center revenue reaching approximately $5.775 billion, up 57%. The chipmaker is expanding AI infrastructure thr…
Crypto-style perpetual futures tied to GPU and DRAM rental benchmarks have launched from Architect Financial Technologies and Hyperbolic Labs, marking the first hedging tools for AI compute volatility…
Chinese AI startup DeepSeek released its R1 and V3 reasoning models on January 27, 2025, wiping $589 billion from Nvidia's market cap as investors questioned the need for expensive hardware. Within ho…
Suno, the AI music generation platform, raised over $400 million at a $5.4 billion valuation, more than doubling its valuation in seven months, as copyright lawsuits from Sony Music and Universal Musi…
HSBC upgraded Apple from Hold to Buy on Friday, raising its price target from $260 to $366, citing an 'operational turning point' driven by Apple Intelligence and a hardware refresh cycle that could p…
Twenty-nine countries, including Russia, Brazil, and Cuba, signed the World Artificial Intelligence Cooperation Organization (WAICO) in Shanghai on July 16, 2025, an intergovernmental body proposed by…
General Compute secured a credit facility of up to $400 million from Upper90 Capital Management, backed by SambaNova's SN50 inference ASICs instead of Nvidia GPUs, marking the first major departure fr…
A report from SK Hynix indicating slowing production of AI memory chips triggered a global market rout on June 23, 2026, with SK Hynix and Samsung Electronics each falling more than 10% intraday and t…
Applied Digital Corporation, formerly Applied Blockchain, has crossed 1 GW of contracted critical IT load capacity across its AI data center campuses, with $11 billion in contracted lease revenue from…
Moonshot AI released Kimi K3, a 2.8 trillion-parameter open-weight model, on July 16 at the World Artificial Intelligence Conference in Shanghai, making it the largest open-source AI model to date. Ch…
AMD is scheduled to report its fiscal Q2 2026 earnings on August 4, after market close, with investors closely watching for signals on AI compute demand following Nvidia's Q4 FY2026 revenue of $68.1B,…