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17:04
China's "national team" battles AI stock volatility as tech ETFs draw record inflows
Concerns over AI valuations have recently rocked the Chinese stock market, posing a test for Beijing's efforts to engineer a "long bull" trend. State-backed funds, known as the "national team," came into public view around July 19.
17:03
China Bets on AI Stocks in Race Against US for Chip and Tech Dominance
The strategy marks a break from Beijing’s traditional reliance on subsidies and state funding, signaling a shift in its approach to fostering technological leadership.
16:48
Micron Stock Drops 27% Since Mid-June Amid Broader AI Spending Skepticism, Despite Strong Q3 Sales Growth of 345%
A recent analysis suggests that Micron Technology's stock has fallen 27% since mid-June, driven by general investor skepticism about the sustainability of artificial intelligence (AI) spending, rather than issues with the company's own business. This pullback occurred despite Micron reporting a 345% surge in fiscal third-quarter sales to $41.5 billion and a 1,200% spike in EPS to $25.11. The analysis highlights that other semiconductor stocks also saw significant declines, with 20 top companies collectively losing $1.3 trillion in market cap in July. However, major tech firms like Alphabet and Amazon continue to project substantial increases in AI capital expenditures for the coming years, indicating ongoing strong demand. Micron management believes the memory shortage will persist at least through 2027, with SK Hynix extending that forecast to 2030, and Apple CEO Tim Cook also expects e
16:32
LongHorn Steakhouse President Laura B. Williamson sold 1,553 shares of Darden Restaurants (DRI) stock on July 31 at an average price of $204.48, following LongHorn's 9.5% comparable sales gr
The sale, disclosed in a recent SEC Form 4 filing, occurred despite LongHorn Steakhouse being a strong performer for Darden, though the company noted it has been absorbing higher beef inflation which is squeezing margins. Williamson retains 10,754 directly held shares, valued at approximately $2.2 million as of August 3.
16:31
USDC and USDT Now Account for 84% of Crypto Card Spending, Monthly Volume Reaches $759 Million in July
Dollar-backed stablecoins USDC and USDT now collectively represent approximately 84% of crypto card spending, a significant shift from less than two years ago when euro-backed tokens dominated the market. USDC alone handles about 58% of card spending, while USDT accounts for 26%. This comes as monthly crypto card volume surged to $759 million in July, a 2.5x increase from $306 million a year earlier, according to a recent a16z crypto report. The euro-backed EURe, which held 88% of card volume in early 2024, has now fallen to roughly 2%.
16:10
Analysts project TSMC's revenue to grow 42% in 2026 and 32% in 2027, with CEO expecting strong chip demand through 2029-2030
Wall Street analysts anticipate Taiwan Semiconductor (TSMC) will see 42% revenue growth in 2026 and 32% in 2027. TSMC CEO C.C. Wei believes strong chip demand, driven by AI, will continue through at least 2029 to 2030. The company has committed an additional $100 billion investment in its Arizona facilities, signaling confidence in sustained demand.
15:54
Jim Cramer advises investors to view SpaceX as a long-term, generational asset, comparing its infrastructure build-out to 19th-century railroads
Following a tumble in SpaceX shares after its earnings report, CNBC's Jim Cramer suggested investors should evaluate the company over decades rather than quarterly. He drew a parallel between SpaceX's extensive capital expenditures for projects like orbital data centers and the historical railroad construction boom, emphasizing that transformative companies require patient capital for their long-term payoff.
15:53
Former Irish President Mary Robinson, representing "The Elders" group, stated that Israel is attempting to "make Palestine disappear physically, economically, culturally, and politically."
The Elders, a group of prominent public figures, concluded after visiting the West Bank that Israel is attempting to "make Palestine disappear physically, economically, culturally and politically." Mary Robinson, a member of the group and former President of Ireland, stated that they were "shocked" by the deterioration of the situation since 2023, noting that the Israeli government grants "complete impunity" to settlers and soldiers for their actions in seizing land and disrupting Palestinian life.
15:37
US Social Security: Wages from non-covered public jobs count against earnings test for early claimers, reducing benefits despite not building credits
Under current US Social Security rules, wages earned from public sector jobs that do not contribute to Social Security (such as some teaching or firefighting positions) still count towards the retirement earnings test for individuals claiming benefits before their full retirement age. For 2026, early claimers earning above $24,480 will have $1 in benefits withheld for every $2 earned over this limit. This rule remains in effect even after the Social Security Fairness Act repealed pension offsets like the Windfall Elimination Provision and Government Pension Offset, as the earnings test itself was left intact.
15:37
Alphabet's Google Cloud Q2 revenue surged 82% year-over-year to $24.8 billion, with operating income tripling to $8.8 billion;公司上调2026年资本支出指引至$1950亿-$2050亿
Alphabet's Google Cloud reported second-quarter revenue of $24.8 billion, an 82% year-over-year increase, while operating income more than tripled to $8.8 billion. The segment margin expanded from 20.6% to 35.5%. The company also raised its 2026 capital expenditure (capex) guidance to $195 billion-$205 billion, up from a prior range of $180 billion-$190 billion, primarily to support AI infrastructure. CEO Sundar Pichai stated that Google Cloud's momentum is driven by its integrated AI portfolio, including custom Tensor Processing Units (TPU) chips and Gemini models.
15:27
Gold Royalty Announces First Half 2026 Results: Revenue of $17.3 Million, Adjusted EBITDA of $12.6 Million, and Reaffirms Full-Year Guidance
Gold Royalty Corp. (NYSEAMERICAN:GROY) announced total revenue, gain on land agreements, and interest of $17.3 million for the first half of 2026, representing a 116% year-over-year increase; adjusted EBITDA increased by 212% to $12.6 million. Gold equivalent ounces (GEOs) grew by over 40% to 3,677 ounces. The company reaffirmed its full-year 2026 GEOs guidance of 7,500-9,300 ounces and expects GEOs to reach 28,000-34,000 ounces by 2030. As of the end of the quarter, the company held $11.3 million in cash, had no debt, and had an undrawn credit facility of $150 million.
15:26
Galiano Gold Reports Q2 Production of 34,391 Ounces, Revenue of $156.6 Million, Maintains Full-Year Guidance
Galiano Gold Inc. (NYSEAMERICAN:GAU) announced its second-quarter gold production reached 34,391 ounces, contributing to a first-half output of over 69,000 ounces, near the upper end of its previous guidance. The company reported Q2 revenue of $156.6 million, adjusted EBITDA of $78.5 million, and adjusted earnings per share of $0.09. Management maintained its full-year production guidance and projected 2026 all-in sustaining costs at $2,300–$2,600 per ounce. Additionally, Galiano increased its 2026 exploration budget to $25 million from $17 million.
15:26
Equinox Gold Raises 2026 Production Outlook to 870,000-920,000 Oz, Increases Dividend by 50% to $0.09/Share
Equinox Gold announced the updated outlook during its Q2 2026 earnings call. The company also highlighted its combination with Orla Mining, which creates a larger North American gold producer with approximately 1.1 million ounces of pro forma annual production. Additionally, CEO Darren Hall will retire, with President Jason Simpson succeeding him. Equinox Gold ended July with about $650 million in cash and approximately $1.2 billion of available liquidity.
15:26
B2Gold Q2 gold production of approximately 204,000 ounces, adjusted net profit of US$41 million, Mali grants Menankoto mining permit
B2Gold announced its second-quarter results, with an adjusted net profit of $41 million, or $0.03 per share, and a negative free cash flow of $258 million. The company narrowed its full-year gold production guidance for 2026 to 820,000-920,000 ounces. Additionally, the Malian government has granted B2Gold the Menankoto mining permit, allowing it to commence pre-stripping operations in the Fekola complex, a project expected to produce over 150,000 ounces of gold annually starting in 2028. The company also returned $224 million to shareholders in the first half of the year through share buybacks and dividends.
15:23
Anthropic will make Claude Code's auto mode the default for Pro, Max, and Team accounts starting August 14
Anthropic will make Claude Code's auto mode the default for Pro, Max, and Team accounts starting August 14. The company stated that in auto mode, Claude Code will proceed with actions unless they are deemed irreversible, destructive, or outside the user's environment, reducing the need for human approval at each step. Testing showed auto mode caught 89% of harmful actions, compared to 13.6% for human review.
15:16
Apple CEO Tim Cook will step down at the end of this month, and John Ternus will take over on September 1.
Apple's current CEO, Tim Cook, will step down at the end of this month, concluding his 15-year tenure. The company's board of directors has approved John Ternus to take over as CEO on September 1st. During Cook's time as CEO, Apple's stock price achieved significant growth; it is estimated that a $10,000 investment in Apple stock when Cook took over as CEO in 2011 would now be worth approximately $241,500, or about $289,500 if dividends were reinvested. Cook also drove the global popularization of the iPhone and successfully built Apple Watch and AirPods into a $36 billion business, while growing the services division from $3 billion to a $120 billion profit center. The main task for the new CEO, Ternus, will be to lead Apple fully into the AI era, focusing on performing as much AI processing as possible on devices, and has already reached a cooperation agreement with Broadcom for custom AI accelerator chips until 2031.
15:03
Elon Musk Retweets Sawyer Merritt's Post, Congratulating the First Tesla Owner to Surpass 25,000 Miles on FSD
Elon Musk retweeted Sawyer Merritt's tweet, congratulating David Moss on being the first owner to reach 25,000 miles on the Tesla Full Self-Driving (FSD) consecutive mileage counter. This mileage is equivalent to circling the Earth once, or two years of driving for the average American. The tweet also mentioned that celebratory ribbons appeared for David Moss again after he reached the 5,000-mile milestone.
15:00
New York Times reports: World Liberty received $100 million from Guren "Bobby" Zhou, a businessman suspected of money laundering, whose source of funds is unknown.
Businessman Guren "Bobby" Zhou, who was arrested in the UK in 2021 on suspicion of money laundering and remains connected to an active investigation despite not being charged, purchased $100 million in governance tokens from World Liberty Financial (WLFI) through his company Aqua 1, the New York Times reported on Sunday. The New York Times was unable to determine the source of these funds. Up to $75 million of this payment was allocated to companies controlled by Donald Trump and his sons, according to World Liberty's revenue-sharing agreement.
14:54
IREN Limited Q3 Net Loss of $247.8M, but AI Cloud Revenue Doubles to $33.6M, Signs $3.4B Contract with NVIDIA
IREN Limited is transitioning from Bitcoin mining to an AI cloud computing company. Although the company recorded a net loss of $247.8 million in Q3 FY2026, with total revenue decreasing from $184.7 million in the previous quarter to $144.8 million, and adjusted profit (EBITDA) also falling from $75.3 million to $59.5 million, its AI cloud business revenue almost doubled from $17.3 million to $33.6 million, while Bitcoin mining revenue decreased to $111.2 million. The company has set ambitious 2026 targets, including 480 MW of AI cloud capacity, 150,000 GPUs, and $3.7 billion in annual recurring revenue. IREN has signed a five-year, $3.4 billion AI cloud contract with NVIDIA, expected to generate approximately $700 million in annual revenue, and NVIDIA has also committed to investing up to $2.1 billion. Furthermore, Microsoft remains its most important client. Despite ongoing concerns about financing and execution, hedge funds have increased their holdings in IREN, while its short interest has reached 27.09%, the highest among its peers, reflecting market doubts about its high expenditures and ability to deliver.
14:53
Marvell Technology (MRVL) Q2营收同比增长27.6%至24.2亿美元，数据中心收入增长27.2%，但净利润率降至1%，EPS下降80%至0.04美元
Marvell Technology (MRVL)公布最新季度财报，营收同比增长27.6%至24.2亿美元，其中数据中心收入增长27.2%至18.3亿美元，成为主要增长引擎。管理层上调了2027财年营收预测超5亿美元，2028财年预测上调约15亿美元至165亿美元，预计2027财年互联业务增长将超过70%。然而，公司净利润率降至1%，同比下降800个基点，每股收益（EPS）下降80%至0.04美元，显示营收增长尚未转化为强劲的股东利润。此外，第一季度末持有Marvell股票的对冲基金数量从85家降至79家，做空比例达4.34%，高于英伟达、博通和高通，反映市场对其高估值和盈利能力的担忧。

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