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YOU WONT BELIEVE: 44 | Mind Blowing Facts

Stock Market Today: Dow, Nasdaq 100, S&P 500 Futures Slip As GOOGL, Elon Musk's TSLA Drag After Q2 Earnings—Intel, ServiceNow, Quantumscape in Focus (UPDATED)

(Editor’s note: The ETFs and economic data were updated.)

Benzinga

Why Reddit Stock Is Dropping: $3.2 Billion Wiped Off Market Value as Shares Fall 9%

Reddit's market value dropped $3.2 billion amid reports of internal talks on renewing its AI licensing deal with Google, highlighting tensions between content licensing and traffic.

International Business Times UK

The EU versus Big Tech, and sanctions package approval

In today's newsletter: A potential fine is on its way for a US technology company in breach of the bloc's digital fairness rules, and the EU's 21st package of sanctions finally gets over the line amid criticism from a Baltic head of state in exclusive comments to Euronews.

Euronews

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7,000 km of subsea cables link Portugal to US: What is the 'Nuvem' system?

First announced by Google in 2023, the transatlantic submarine cable will link Portugal, Bermuda and the United States. Euronews explains the project, its goals and key players.

Euronews

Google increases capex forecast again after cloud-driven earnings beat

The search giant now expects to spend between $195 billion and $205 billion in capital expenditures, its finance chief Anat Ashkenazi said on a conference call with analysts. The company said last quarter that it planned to spend between $180 billion and $190 billion this year.

The Economic Times

AI catches up with humans to score 100% at top maths contest

Artificial intelligence has reached a new milestone, unveiling the capability to score a perfect 100 at the International Mathematical Olympiad. Huawei and Xiaohongshu have declared that their AI systems excelled on this rigorous exam, marking a historic moment in AI development. Prior to this, no large language model had achieved…

The Economic Times

Alphabet's quarterly earnings beat Wall Street estimates, but here's what is spooking investors

Alphabet announced strong second-quarter earnings, but its shares declined significantly. The company plans to substantially increase its capital expenditures for artificial intelligence. This massive spending hike comes as Google Cloud revenue saw substantial growth. CEO Sundar Pichai addressed concerns about Google's competitive position in the AI race. Investors and analysts…

The Economic Times

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Sundar Pichai pushes back on claims Google is losing ground in AI race

The latest setback has fueled worries that ‌Google was losing ⁠momentum just ⁠as OpenAI and Anthropic and a host of Chinese rivals have accelerated the pace of model releases. On the call on Wednesday, Pichai struck an unusually defensive tone as analysts pressed him on the state of Google's frontier…

The Economic Times

Google-Parent Alphabet, Tesla, ServiceNow, IBM and Texas Instruments: Why These 5 Stocks are on Investors' Radars Today

Major U.S. indices ended Wednesday in the red with the Dow Jones Industrial Average marginally down at 0.01% at 52,218.58, the S&P 500 down 0.14% at 7,498.96, and Nasdaq declining 0.57% to 25,690.90.

Benzinga

Anthropic and SpaceX just handed Google the biggest profit quarter in company history—on paper

A $99 billion markup on stakes in Anthropic and SpaceX delivered more than two-thirds of Alphabet's stunning $112 billion profit.

Fortune

Samsung Galaxy Unpacked recap: Everything on the Galaxy Z Fold 8, Flip 8, smart glasses, Galaxy Watch 9, and more

Samsung’s summer Galaxy Unpacked 2026 event showcased a major expansion with foldables like the passport-style Galaxy Z Fold 8, the flagship Galaxy Z Fold 8 Ultra, and more.

Tom’s Guide

Google reports 12th consecutive quarter of strong revenue gains

Better-than-expected results of $120bn came despite delays in release of powerful AI model Gemini Pro

The Guardian - US

Into the fold: tech rivals to bet big on flexing phones

Smartphones with large, folding screens might finally hit the big time as two tech giants prepare to woo more buyers.

AAP

Google's Q2 earnings of $112.11B beat Wall Street's expectations on AI boom

Google parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, a sign that it’s massive artificial intelligence spending spree is paying off so far

The Independent UK

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Kiplinger

Stocks Slip as Alphabet Gets Ready to Report: Stock Market Today

The stock market still seems to be pretty resilient in the short term, but the bond market is starting to show some signs of long-term stress.

Barchart

RDDT Stock Sinks on Reports of Reddit-Alphabet AI Feud

Reddit stock sinks on reports of a rift with Google over AI data licensing deal. Here’s why the standoff is largely bearish for RDDT shares.

The Economic Times

Google quarterly cloud revenue growth beats expectations

Google Cloud revenue surged eighty-two percent, fueled by strong enterprise demand for AI services. This significant growth helped offset concerns regarding Alphabet's substantial artificial intelligence investments. However, the company's own AI model development has encountered delays this year. Google's search business has shown strength, attracting more advertising dollars through AI…

Barchart

How 5 Giant Stocks Are Causing a Potentially Nuclear Debt Headache for the U.S. Stock Market

Five of the biggest U.S. stocks are amassing off-balance sheet commitments that add up to an estimated $1.65 trillion.

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International Business Times

Reddit Is Reportedly Considering Not Renewing an AI Deal With Google. Its Stock Is Sinking

Reddit stocks are plummeting on Wednesday on reports that the company might won't extend a deal with Google to let it use its content to train its AI models.

Reason

Trump's New DOJ Nominee Wants To Ban Online Porn and Prosecute Big Tech

Adam Candeub has been nominated to head the Justice Department's Antitrust Division.

Bangkok Post

Samsung's new AI foldables, watches and eyewear land in Thailand

Samsung has launched a wide new Galaxy line-up in Thailand, led by AI-powered foldable phones, smarter watches and its first intelligent eyewear, as the company tries to make everyday devices more useful for people juggling work, health, travel and the eternal mystery of Bangkok traffic.

Tom’s Hardware

AMD to supply Anthropic with 2 gigawatts of Instinct MI450 GPUs — will invest up to $5 billion in the Claude developer, which is already using MI355X GPUs

The first gigawatt is scheduled to come online in the first half of 2027 in AMD Helios rack-scale systems.

Fortune

Larry Page and Sergey Brin splash $225 million in Miami property as billionaires flee California's tax—and Google is expanding its office there too

Larry Page and Sergey Brin now own around $225 million in Miami real estate, and other billionaires are bringing their companies to the coastal region.

Benzinga

Alphabet Earnings Jitters: The Greatest Cash Machine Ever Still Doesn't Have Enough

Wall Street has spent the week bracing for a number, and the nervousness is not really about whether Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) made money. It is about whether making an extraordinary amount of it is still enough.

International Business Times UK

The Engineers Who Built AI Are Losing Their Jobs to It: More Than 800,000 Tech Jobs Lost Since 2022

AI advancements are displacing high-earning tech workers, even as industry revenues grow. driving concerns about job security, economic impacts, and the need for workforce reskilling.

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