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8/14
10:15
Elon Musk disclosed his nearly 50% stake in SpaceX, valued at over $900 billion, in a filing with the Securities and Exchange Commission late Thursday.
10:14
In its Q2 2026 investor letter, Aoris International Fund stated that AI presents a significant opportunity for Microsoft, which the company is pursuing with urgency. The fund noted that only about a third of business computing is currently in the cloud, and AI is likely to accelerate this migration. Microsoft's Azure cloud, AI, and server products constitute 40% of its revenue. Microsoft shares closed at $496.88 on August 13, 2026, with a year-to-date gain of 14% and a one-month return of 26.18%.
10:12
Aoris International Fund noted that Bentley Systems, a global leader in software for designing and operating infrastructure assets, is believed to be able to continue achieving healthy revenue and earnings growth by providing productivity benefits to engineering firms facing labor constraints. The fund believes that the widespread sell-off in software businesses over the past 18 months has led to an unusually attractive discount in Bentley Systems' share price relative to its fair value. However, the fund also mentioned that while it recognizes Bentley Systems' investment potential, it believes certain AI stocks may offer greater upside and less downside risk. Bentley Systems closed at $36.56 on August 13.
10:11
Aoris Investment Management, in its Q2 2026 investor letter, stated it sold its position in Accenture (ACN) late in the quarter. The fund noted the investment negatively impacted its annual portfolio returns by 5.2%, attributing the misjudgment to an assumption that Accenture's underlying revenue growth would return to its historical 6-7% rate, which has instead been stuck at 1-4% since 2024.
10:11
U.S. stocks opened mixed, with the tech-heavy Nasdaq Composite rising 0.2% while the Dow Jones Industrial Average slipped after July retail sales unexpectedly declined. Brent crude oil futures edged down to $86 per barrel, and Bitcoin fell 1.6% to around $62,600 per token.
10:11
Despite Goldman Sachs' projection of global AI data center spending reaching $1 trillion by 2026, and JPMorgan Chase and Bank of America also forecasting hundreds of billions of dollars in investment over the next few years, analysis suggests that chip shortages, a lack of skilled labor, regulatory restrictions (such as New York's moratorium), and insufficient power supply are major bottlenecks. BloombergNEF estimates that at the current growth rate, AI data centers will face a 19-gigawatt power deficit by 2035. Canaccord Genuity analyst George Gianarikas points out that public opposition to data centers has also led to a slowdown in construction.
10:11
The Dow Jones Industrial Average fell less than 0.1% on Friday, as Wall Street digested weaker-than-expected retail sales data. Meanwhile, Applied Materials (AMAT) was a big mover following its earnings report, though specific declines were not detailed. The S&P 500 moved up marginally.
10:10
Polen Capital Management, in its Q2 2026 investor letter for the "Polen Focus Growth Strategy," stated that EMCOR Group, the largest mechanical, electrical, and plumbing specialty contractor in the United States, has seen approximately half of its recent revenue growth and increasing backlog related to data center and semiconductor factory construction. The firm believes EMCOR is a less obvious but critical bottleneck in AI infrastructure construction, benefiting from AI infrastructure spending, the reshoring of U.S. manufacturing, and semiconductor factory construction supported by the CHIPS Act, with demand for its services now exceeding supply.
10:10
Nintendo's stock price closed up 6.6% in Tokyo on Friday, after the company announced that global sales of "Pokémon Pokopia" have surpassed 5 million units (including physical and digital versions). The game was launched on March 5th, just over four months ago. This sales milestone also makes "Pokémon Pokopia" the second best-selling game on the Switch 2 platform, driving Nintendo's stock price up 10.3% for the week.
10:07
Bank Leumi will allow customers to buy, hold, and sell Bitcoin, Ether, and Solana through its Leumi Trade app, becoming the first Israeli bank to announce such a service. Galaxy Digital will provide the trading and custody infrastructure via its GalaxyOne Institutional platform.
09:37
According to The Information, citing sources, Tesla's new Roadster sports car, which has been delayed for nearly nine years, is expected to be unveiled as early as this month at SpaceX's test facility in McGregor, Texas. This limited-edition model, jointly developed by Tesla and SpaceX, features cold gas thrusters as its biggest highlight and may include an unmanned flight demonstration. Boosted by this news, Tesla's pre-market shares rose by nearly 2%.
09:35
The rebound in local corporate bond sales follows a right-wing shift in the government, which has stimulated investor demand for local assets and triggered a drop in sovereign yields.
09:28
The Bloomberg Dollar Spot Index fell 0.4% on Friday to its lowest level since May 29. This followed unexpectedly weak US retail sales data, which prompted traders to further scale back expectations for Federal Reserve interest rate hikes this year, a shift that reversed the hawkish narrative that had previously supported the dollar.
09:16
Silver futures opened lower on Friday but rebounded above $65 in early trading, reaching a high of $65.14 per ounce. The market generally believes that the weak inflation data released this week has reduced expectations for the Federal Reserve to raise interest rates in September. According to the latest data from the CME Group FedWatch tool, the probability of the Federal Reserve keeping interest rates unchanged in September is 69.4%.
09:04
Radiant World has been under pressure after reports emerged that it provided falsified documents to banks, leading some banks and counterparties to pull back from dealing with it.
09:01
The crypto market continues its downturn, with a total market capitalization loss of $1 trillion, impacting funds designed to introduce various cryptocurrencies to mainstream investors. Grayscale Investments recently withdrew its plans for exchange-traded funds (ETFs) related to Cardano's ADA, Polkadot's DOT, and Hedera's HBAR. This year, Bitcoin has fallen by 28%, while the small-cap token index has dropped over 40%, with prominent tokens including Dogecoin, Solana, and ADA seeing their values halved.
08:59
The coalition, which includes Bahrain, Bangladesh, Comoros, Djibouti, Egypt, Jordan, Kuwait, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Turkiye, and Yemen, aims to strengthen collective maritime defence cooperation. Rear Admiral Abdullah bin Salem Al-Shehri has been appointed as its commander. The announcement follows repeated Houthi attacks on Saudi-flagged ships in the region amid the ongoing US-Israel war on Iran.

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