Musk to Speak at ASML Event as SpaceX Prepares for IPO
The invitation list for ASML’s annual event this year includes the usual executives and engineers who make the world’s chip equipment. It also includes Elon Musk. Reuters reported on Wednesday…
Tencent Signs $3 Billion Memory Deal With China’s CXMT
The contract, signed quietly in recent weeks, is the largest of its kind in China’s semiconductor industry. Tencent has agreed to buy 3 billion dollars worth of memory chips from…
Memory Makers Face Class Action Over DRAM Supply
A technology reseller in Sacramento who buys server memory by the pallet watched his cost per gigabyte climb for six straight weeks this spring. Distributors returned the same answer to…
Grok 4.5 Begins Internal Testing at SpaceX and Tesla
On a Saturday evening in late June, engineers at SpaceX and Tesla began receiving access to a new artificial-intelligence model, an early signal of the release cadence xAI has promised…
Blackstone Sells Virginia Data Centers Back to Digital Realty
Two years ago, Blackstone and Digital Realty Trust formed a joint venture to build data centers in Northern Virginia, betting that the artificial-intelligence boom would turn the region’s power corridors…
Amazon to Pay Anthropic by the Token
Finance teams negotiating cloud contracts have begun seeing a new line in their terms: Amazon will pay for Anthropic’s models by the token, rather than by the hour of compute…
Apple’s Steepest Drop in a Year Puts the Memory Crisis in Focus
By the time the closing bell rang on June 30, Apple shareholders had watched the stock fall more in a single session than in any other day in over a…
Microsoft Stock Heads for Its Worst Month Since the Financial Crisis
A portfolio manager at a Boston mutual fund began June with Microsoft as his largest holding, a position built over two decades of reliable earnings growth. He spent the past…
Alphabet Joins the Dow as the Index Crosses 52,000
The opening bell at the New York Stock Exchange on June 30 had more than the usual ceremony attached. Alphabet, the parent company of Google, began trading that morning as…
Big Tech’s June Selloff Erases $2.3 Trillion
The Magnificent Seven, the group of America’s largest technology companies, ended June with a combined loss of about $2.3 trillion in market value, their worst month since 2022. The selloff…
