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8/3
10:41
Despite trading around $108 per share after its June 12 IPO, analysts project SpaceX's revenue to rise more than sevenfold to $141.6 billion by 2028 and expect the company to turn profitable in 2027, reaching $47.1 billion in net income by 2028. This optimism is largely based on the belief that SpaceX, founded by Elon Musk, will expand its AI segment (which includes xAI, X, and Cursor) to become a cohesive end-to-end provider of space transportation, internet satellite, and AI infrastructure services.
10:36
Diamond Hill Capital, in its Q2 2026 investor letter, noted that Accenture (ACN), a global information technology services company, has recently underperformed due to lower-than-expected results and continued softness in service demand. This has exacerbated investor concerns that AI could disrupt parts of its business. However, the firm believes Accenture remains well-positioned within the broader information technology ecosystem, and its current valuation is attractive relative to its long-term prospects. As of July 31, Accenture's stock price was $165.92, down 35.40% over the past 52 weeks.
10:36
Vertex Minerals has initiated the first blast for a trial longhole open stope at its Reward gold mine in Hill End, New South Wales, Australia. The trial aims to compare productivity and cost differences between mechanised longhole mining and conventional mining methods. The trial stope is located in the high-grade Mica 1 lode, with an expected diluted average grade of approximately 8 grams per tonne of gold from 1,200 tonnes of ore.
10:25
The American Association of Retired Persons (AARP) released an analysis indicating that although 46% of employers state that employees aged 40 and above play a leading role in AI usage decisions, their survey reveals that only 12% of employees aged 50 and above have received AI-related training. In the same period, 49% of employees in this age group expressed interest in learning about AI. AARP believes that companies are overlooking their most valuable AI asset—experienced employees—leading to significant economic losses. It is projected that by 2050, age discrimination could cost the U.S. economy up to $3.9 trillion in GDP.
10:25
Australia's financial regulator has put forward new proposals that would grant companies more freedom to market themselves before officially filing a prospectus for an initial public offering.
10:20
The decline in memory and storage stocks on Monday follows a sharp reversal in Korean chipmakers, with the KOSPI index falling 5% and Samsung Electronics sliding 8%. Morgan Stanley described the selloff as "largely technical" and a "leverage washout" after significant year-to-date gains. Despite the pullback, UBS initiated coverage of SK Hynix with a "Buy" rating and a $204 price target, while SK Group Chairman Chey Tae-won made his first personal purchase of SK Hynix shares, signaling a bullish outlook.
10:18
A group of Democratic senators urged the Commodity Futures Trading Commission to rein in prediction market trading on wildfires, expressing concern that individuals could be tempted to commit arson to make their bets pay off.
10:15
Boeing stock lifted the Dow Jones Industrial Average after receiving a double upgrade.
10:15
Amazon's shares rose 5.5% to $286.20, reaching a record high and bringing their yearly gains to over 23%. This surge follows strong earnings and signs that the AI boom is driving fresh demand for its cloud-computing services, which is the company's main profit engine. Amazon's stock had previously surged 15% on Friday after it reported its strongest cloud growth in over four years and raised its annual capital spending forecast. The company joins Apple, Microsoft, Alphabet, and Nvidia as companies that have recorded a market value of $3 trillion in the past.
10:04
The analysis indicates that global semiconductor stocks are experiencing a sell-off, with investors concerned that major artificial intelligence (AI) hyperscalers may not see sufficient returns on their investments in AI data centers and infrastructure. This could lead to a reduction in AI capital expenditure, thereby lowering the strong demand for semiconductor and memory chips. Since June 22, TSMC has fallen by approximately 13.8%, ASML Holding of the Netherlands by about 14.4%, NVIDIA by approximately 6.4%, and the iShares MSCI South Korea ETF by 26.4%. The iShares Semiconductor ETF (SOXX) also declined by about 22.9% during the same period.
10:03
TSMC's market capitalization reached about $2.1 trillion by Friday's close, following a 7.6% share jump on July 30. The company's second-quarter revenue rose 34% year-over-year to $40.2 billion, with net income growing 77% year-over-year to a record. Management expects third-quarter revenue of $44.6 billion to $45.8 billion, representing another 12% sequential increase at the midpoint. Despite these strong figures, TSMC trades at roughly 20 times forward earnings estimates, comparable to an average large company and its customer Nvidia, but significantly below Advanced Micro Devices (AMD) which trades at about 54 times forward estimates. Analysts attribute the valuation discount to its cyclical manufacturing nature, geopolitical risks associated with its Taiwan production, and heavy spending on new capacity.
09:54
Former U.S. President Donald Trump has called on oil companies to reduce consumer (retail) oil prices immediately.
09:50
U.S. stocks extend gains, with the Nasdaq Composite rising 1.01%.

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