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Micron shares plunged nearly 10% on fears that rival SK Hynix’s $29 billion Nasdaq IPO will flood the memory-chip market. The selloff comes despite Micron’s record 84.9% gross margin and $100 billion in long-term contracts.
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Meta is reportedly building a cloud business to sell excess AI compute capacity and model access, directly challenging AWS, Azure, and Google Cloud. Shares spiked nearly 10% in Wednesday trading as the plan eases investor fears over the company’s massive AI capex.
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MicroStrategy (MSTR) jumps nearly 8% as bitcoin slides below $60,000, while Circle and Coinbase get hammered by a new stablecoin alliance from Visa, Stripe, and Mastercard.
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A Swedish court hit Google with a $1.5 billion antitrust damages verdict for Klarna, while South Korea launched a fresh investigation into its app-store payment policies. The twin blows underscore mounting global regulatory pressure on Alphabet.
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The Indian rupee slid to a three-week low as a resurgent dollar and fresh US-Iran tensions weighed on Asian currencies. The yen sank to a 40-year trough, keeping traders on intervention watch.
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Spot gold slid to a seven-month low of $3,942.99 as the 10-year Treasury yield climbed to 4.469% and the market priced in a ~65% chance of a Fed rate hike in September. All eyes are now on the upcoming U.S. jobs data.
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Uber shares drop 4%+ pre-market after its backed micromobility firm Lime prices its IPO at $25 per share, at the high end of its range. The stock is already one of the S&P 500's worst performers in the first half of 2026.
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Microsoft (MSFT) is planning a new round of layoffs affecting up to 2.5% of its workforce, including its Xbox gaming division. The stock rose 1.21% in after-hours trading.
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Gold slid to its lowest since November, pressured by rising Treasury yields and a hawkish Fed repricing. The yellow metal is on track for its worst quarter since 2013.
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AMD shares surged 7.68% after a wave of analyst price-target upgrades. Wall Street’s top analysts are betting big on the chipmaker’s AI-driven growth story.
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A consortium of over 140 companies, including Visa, Mastercard, and Coinbase, unveiled a new stablecoin called Open USD. Coinbase shares fell 3.6% after hours, while Circle’s stock cratered nearly 17%.
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Oppenheimer cut ratings on Goldman Sachs and Morgan Stanley, flagging structural headwinds for traditional investment banking. The firm is bullish on alternative asset managers Blackstone and KKR instead.