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A veteran chip designer who worked on Apple’s Face ID and Amazon’s AI silicon is betting on edge computing. His startup, Tranxform AI, has Intel’s backing and expects its first chip next year.
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Samsung Electronics’ Q2 operating profit surged nearly 19-fold to a record 89.4 trillion won, fueled by insatiable AI memory demand. Nvidia (NVDA) ticked up 0.37% in after-hours trading.
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Disney agrees to pay $50 million to settle a class-action lawsuit over hidden auto-renewal fees on its streaming services. Eligible users can claim compensation with no extra steps required.
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BofA warns speculation has hit extreme levels, putting the S&P 500 at risk of a valuation pullback that could erase most of its 2026 gains. JPMorgan and other bank stocks are firming ahead of earnings, but Wall Street is deeply split on the second half.
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Palantir (PLTR) jumped over 2.5% after hours after teaming up with Nvidia on a national security AI alliance. The company also inked a seven-year strategic partnership with Zeta Global.
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TSMC jumps 5% as Wall Street weighs Cramer’s buy call on AST SpaceMobile, a bullish Netflix preview, and Goldman’s undervalued picks. Sportradar faces a class-action deadline.
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Piper Sandler defends Oracle (ORCL) ahead of earnings, arguing the market is overreacting to its massive capex. The firm points to roughly $22 billion in AI infrastructure contracts that provide strong revenue visibility.
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Qualcomm (QCOM) is in advanced talks to acquire AI chip startup Modular for roughly $4 billion, sending shares up more than 6% intraday. The deal would mark a major strategic push into data-center AI chips, directly challenging Nvidia.
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Broadcom (AVGO) rallied after Reuters reported the company extended its custom-chip supply agreement with Apple through 2031. Shares jumped more than 5% in midday trading.
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Amazon has crossed the 390-satellite threshold needed to start commercial service for its low-earth-orbit broadband network, taking direct aim at Starlink. In India, PM Modi inaugurated a new chip packaging plant in Gujarat, part of the country’s accelerating semiconductor push.
Deep Dive
Alphabet's stock has more than doubled and landed in the Dow — but free cash flow was cut in half and the valuation sits just 3.5% below the dot-com bubble peak. So what exactly are you buying now?
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Bank of America strategists warn that speculative fervor has hit “extreme levels,” setting the stage for a snapback that could erase most of this year’s gains. Meanwhile, the Buffett Indicator and Shiller P/E are both flirting with all-time highs.