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Bloomberg36d agoneutral
Huawei, Apple Get Boost in China From Memory Costs, IDC Says

(Bloomberg) -- Huawei Technologies Co. and Apple Inc. extended their lead atop China’s smartphone market in the June quarter, expanding their shipments as consumers opted to either buy premium devices or skip upgrades, according to IDC.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Figh

Nvidia halves Asia AI chip customer list, FT reports
Reuters36d agobullish
Nvidia halves Asia AI chip customer list, FT reports

Nvidia has more than halved the number of Asian customers ‌authorized to buy its AI chips ‌after creating a new "white list" of companies that have ​passed tougher compliance checks aimed at preventing the products from reaching China, the Financial Times reported on Monday. Nvidia did ​not immediately respond ​to a Reuters ​request for comment outside ‌regular business hours. Under a renewed review, over half of Nvidia's previous customers, especially neo-cloud providers, were excluded, the report said, adding that companies that failed the initial review could ‌make changes and reapply.

TSMC seen riding AI boom to fifth straight quarter of record profit
Reuters36d agoneutral
TSMC seen riding AI boom to fifth straight quarter of record profit

TSMC, the world's largest manufacturer of advanced AI chips, will likely notch a fifth consecutive quarter of record earnings, driven ‌by booming AI infrastructure spending. Analysts say demand for Taiwan Semiconductor Manufacturing Co's (TSMC) 3-nanometre and 2-nanometre ‌process technologies for AI chips, as well as for its advanced chip packaging technology, CoWoS, remains strong. Its market capitalisation is now nearly double that of South Korean rival Samsung Electronics at around $1.97 trillion.

Goldman Sachs drops new warning on interest rate hikes
TheStreet36d agobearish
Goldman Sachs drops new warning on interest rate hikes

Stock market investors are heading into CPI week with a familiar playbook. The hope is that inflation cools off further and the Fed stays on hold, with robust earnings taking over as the next driver of the S&P 500. For perspective, the S&P 500 recently traded near 7,575, up about 10.7% year ...

Bloomberg36d agoneutral
SoftBank’s Masayoshi Son Sees Fusion Power as Key to AI’s Future

(Bloomberg) -- SoftBank Group Corp. founder Masayoshi Son said that in the not-so-distant future, nuclear fusion technology will offer the most realistic solution for powering AI data centers’ ballooning needs. Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleHormuz Route

Bloomberg36d agoneutral
Taiwan Fund Profits 80% After Intervening to Blunt Trump Tariffs

(Bloomberg) -- Taiwan reported a roughly 80% profit from a nine-month-long intervention to support the island’s stock market following the Trump administration’s move to impose tariffs, though it has now exited its position.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With Apple

Target stands to gain as Ikea closes key U.S. stores
TheStreet36d agoneutral
Target stands to gain as Ikea closes key U.S. stores

I'm convinced that you might know someone who went to Ikea for a lamp and came home three hours later with a car full of flat-pack boxes they didn't plan on buying. That's the Ikea effect. It's as if the maze-like stores are designed to make you forget you drove 45 minutes to get there. That's also ...

The Spokesman-Review, Spokane, Wash.36d agoneutral
Washington, 11 other states seek to block Paramount-Warner Bros. merger

Jul. 13—OLYMPIA — Washington State Attorney General Nick Brown said Monday that a proposed $110 billion acquisition of Warner Bros. by Paramount would "raise prices, reduce consumer choice, and cost many Americans their jobs" as he announced a lawsuit to block the deal. Brown joined 11 other state attorneys general who allege the proposed merger would reduce competition for licensing basic ...

Citi sends powerful sign to SpaceX investors
TheStreet36d agoneutral
Citi sends powerful sign to SpaceX investors

SpaceX stock is trading at $145.30, about 8% above its $135 IPO price, according to Yahoo Finance at the time of writing. Interestingly, SpaceX stock climbed as high as $225.64 after its $135 IPO, according to Yahoo Finance reporting, indicating a peak post-IPO gain of about 67%, before sharply ...

Sam's Club takes on Costco with a new weight-loss deal
TheStreet36d agoneutral
Sam's Club takes on Costco with a new weight-loss deal

The rapid growth of GLP-1 medications has reshaped the weight-management industry, prompting consumers to seek additional support beyond prescription treatments. As more Americans turn to medications such as Ozempic and Wegovy, demand has also grown for nutritional guidance, coaching programs, and ...

The whole chip trade is waiting on one report
TheStreet36d agoneutral
The whole chip trade is waiting on one report

Almost every advanced AI chip on the planet is built in one place. Nvidia's Blackwell processors, Apple's silicon, custom accelerators for Meta and AMD — they all run through the same foundry in Taiwan. That foundry is Taiwan Semiconductor Manufacturing Company (TSM). TSMC is set to ...

Analysts remain split on Circle amid rising competition
TheStreet36d agoneutral
Analysts remain split on Circle amid rising competition

Wall Street remains divided on Circle Internet Group (NYSE: CRCL), with two major brokers moving their price targets in opposite directions, within days of each other. This comes as competition in the stablecoin market intensifies. Founded in 2013, Circle is best known as the issuer of USDC, ...

Top Tesla investor warns Saylor is destroying Bitcoin
TheStreet36d agoneutral
Top Tesla investor warns Saylor is destroying Bitcoin

Ross Gerber has run out of patience with Michael Saylor. The Gerber Kawasaki CEO and one of Tesla's most prominent public investors posted on Sunday in response to Saylor's latest Bitcoin content on X, a video captioned "The Right to Bear Arms", with a bluntness that left little room for ...

Bloomberg36d agoneutral
Huawei's $11 Billion Clean Energy Empire Is Opening New Markets

(Bloomberg) -- Surrounded by the turquoise waters of the Atlantic and dotted with native fig trees, the archipelago of Fernando de Noronha is one of Brazil’s most coveted tourist destinations. Home to about 3,000 residents, it greets roughly 40 times that number of visitors each year, placing immense strain on an isolated power grid kept alive largely by boatloads of diesel fuel.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Tu