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INSANE: 34 - The Real Truth

Cathie Wood Bets Big on Nvidia Stock: Ark Buys $15.6 Million Worth of Shares as Jim Cramer Calls Chip 'Absurd' — Ark Loads Up on SpaceX, Tesla

On Tuesday, Cathie Wood’s Ark Invest stayed active in a volatile tech tape, adding to several headline growth names while trimming others. The most notable move was another broad push into SpaceX (NASDAQ:SPCX), followed by sizable trades in Tesla Inc. (NASDAQ:TSLA), Nvidia Corp. (NASDAQ:NVDA), Amazon.com Inc. (NASDAQ:AMZN) and Alphabet Inc.…

Benzinga

SK Hynix's record profit misses forecasts; shares slump 10% despite robust AI chip demand

The Nvidia supplier's quarterly operating profit soared more than sixfold to a record high, but it said delays in shipments of some advanced products limited price gains for its mainstay dynamic random access memory (DRAM) chips. Shares in SK Hynix tumbled 10% as the weaker-than-expected earnings heightened investor ‌concerns about…

The Economic Times

Trump administration bans new Chinese humanoid robots, to protect US AI buildout

The United States has banned new Chinese robots and power inverters. These measures aim to protect national security and reshore key industries. The Federal Communications Commission announced these import restrictions on Tuesday. China urges the United States to stop threatening its companies with sanctions. Beijing will take necessary measures if…

The Economic Times

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Nvidia paid $20 billion for SRAM decode - AMD just partnered for it instead

AMD and Cerebras are claiming 5x higher tokens per watt from their new disaggregated inference tie-up.

TechRadar

U.S. Companies Believe China Has Been Acquiring AI Chips. Now A Nvidia Employee Has Been Arrested

Taiwan has detained a Nvidia employee as part of a probe into the alleged illegal exports of Super Micro AI servers to China.

International Business Times

TSMC and Tencent break into the top 100 of the Fortune Global 500 list, as Asia rides the AI boom

Here's who's rising, and who's debuting, from Asia on this year's Global 500, Fortune's ranking of the world's largest companies by revenue.

Fortune

Nvidia’s Jensen Huang says AI is killing tasks not jobs—and the white-collar bloodbath narrative gets the future of work ‘exactly backwards’

“AI automates tasks away, but it doesn’t necessarily eliminate jobs,” Huang said.

Fortune

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‘A lot of panic around the AI investment’: How a chip slump is driving the Nasdaq toward correction

It’s a chip panic that “appears to be indiscriminate,” analysts say.

Fortune

Amkor Has a Fresh Catalyst With a New Nvidia Deal. How to Play AMKR Stock Here.

Amkor just landed a $1.5 billion Nvidia partnership. So, should you buy, sell, or hold the stock now?

Barchart

Apple briefly tops $5 trillion in market value, second after Nvidia; unveils iPhone leasing scheme

Apple briefly surpassed $5 trillion in market value, becoming only the second company after Nvidia to reach the historic milestone.

The Economic Times

Top AI companies say they want Chinese models to stay available. Is it genuine?

In an open letter, Nvidia, Meta, OpenAI, Microsoft, and dozens of other AI companies speak out about the importance of access to the latest models—no matter where they're from.

Fortune

Apple Just Knocked Nvidia Off Its $5 Trillion Throne. Here’s Why the Crown May Not Change Hands Again.

Apple has overtaken Nvidia as the world's most valuable company after Nvidia's recent pullback. With Apple reporting earnings this week, the race for the $5 trillion crown is just beginning.

Barchart

Nvidia launches Open Secure AI Alliance — but there's no room for OpenAI, Anthropic or Google

The Open Secure AI Alliance conceived to promote trust in the development and use of AI, but some companies are notable by their absence...

TechRadar

A $1 Billion Reason to Buy Naver Stock Now

The investment is for the expansion of an AI factory in South Korea.

Barchart

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The Economic Times

Explained: The $400 million ASML 'printers' key for the AI chip boom

Advances in AI and a global buildout of data centres have led chipmakers to expand capacity rapidly. ASML supplies tools to TSMC, which makes chips for Nvidia, as well as to memory chip makers like SK Hynix, Samsung and Micron.

International Business Times UK

Nvidia Shares Slide as $750 Billion AI Deal Push Triggers Circular Financing Alarm

Nvidia shares fell as investors examined AI infrastructure financing plans and concerns over links between suppliers and customers.

Tom’s Hardware

Mystery reviewer 'finds' Nvidia RTX Spark prototype laptop and puts it through its paces — Microsoft Surface Laptop Ultra with Nvidia N1X chip shows promise, though prototype warts are still quite visible

Techie "finds" Nvidia RTX Spark prototype laptop and puts it through its paces — Microsoft Surface Laptop Ultra with Nvidia N1X chip shows promise, though prototype warts are still quite visible

International Business Times

Apple Briefly Tops a Historic $5 Trillion Valuation. It Is Only The Second Company To Ever Do So

Apple topped a $5 trillion valuation for the first time on Tuesday, becoming the second company to ever do so.

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Benzinga

The Magnificent 7 Just Broke a Key Technical Level: What Happened Next Last Time?

One of Wall Street’s most closely watched technical support levels has finally given way.

PC Gamer

Taiwanese authorities detain Nvidia employee for alleged attempt to smuggle AI chips into China

The company itself has not been accused of any wrongdoing.

Benzinga

Is the AI Chip Trade Actually Cracking? $1 Trillion Wiped Out in Korea — And It's Spreading

Six weeks. Four separate chip-stock selloffs. A combined $1 trillion wiped off Korea’s top four chipmakers. If you’re wondering whether the AI trade has hit a wall, you are not alone.

Benzinga

China Can't Beat Sam Altman on AI, Expert Says—Here's Why It Doesn't Need To

China has stopped trying to beat Sam Altman’s OpenAI at building the world’s best AI, according to an expert who says the strategy of deliberately running months behind may be paying off.

MarketBeat

Amkor Sells Off After Earnings—Why Weak Guidance Isn't the Real Story

Amkor's Q2 revenue miss stemmed from one-off issues, but margins are expanding and its NVIDIA partnership, including $1.5 billion in prepayments, supports long-term AI-driven growth.

Benzinga

The AI Memory Trade Is Crumbling: SanDisk, Micron and Western Digital Extend Brutal Selloff

Just a month ago, memory was Wall Street’s favorite AI trade. Today, it has become one of the market’s biggest casualties.

TechRadar

AMD's Helios beats Nvidia on memory at rack level and on compute — only if you count it at the GPU level

AMD says Helios beats Nvidia's Vera Rubin on four counts, but the memory wins are rack-level and verifiable, while the 15% FP4 win is per-GPU, even as Nvidia pulls ahead in rack-level compute.

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