SpaceX’s Earnings Debut, and the $116 Billion Question
On Tuesday, SpaceX publishes the first earnings report of its life as a public company, and the numbers will land in a tense week. Morgan Stanley has kept its $300…
Europe’s AI Rules Start to Bite
On August 3, the European Union’s AI law crossed from rulebook to enforcement. Regulators for the first time hold the power to fine or restrict general-purpose AI models, and OpenAI,…
Memory Stocks Take Their First Hard Hit
The two companies that rode the AI memory boom hardest fell hardest. Samsung Electronics and SK Hynix each dropped nearly 9% on August 3, and the KOSPI closed down 5.12%…
DeepX’s $2.2 Billion Round
A Seoul-based chip designer that most outsiders had never heard of is now worth $2.2 billion. DeepX closed a new funding round at roughly four times its previous valuation, according…
Cloud Capital Spending’s $1.2 Trillion Forecast
Every time Morgan Stanley’s cloud team updates its spreadsheets, the number gets bigger. The bank now expects global cloud capital spending to reach $1.2 trillion in 2027, up 30% from…
Taiwan Memory’s Two-Day Run
On Taiwan’s stock exchange, the price boards told a different story from Seoul’s. Memory stocks rose limit-up for a second straight session on August 3, with Nanya Technology and Winbond…
OpenAI’s $2,000 Answer to the Scaling Debate
The blog post went up quietly on August 1, with no launch event, no demo video, and no pricing page. In it, OpenAI said its next model, Astra, which has…
Nvidia Retakes the Top Spot From Apple
At the closing bell on July 31, Nvidia was again the world’s most valuable listed company, four days after Apple became the first company to finish a session above $5…
NHTSA Opens Probe Into 1.2 Million Teslas
The National Highway Traffic Safety Administration announced on July 31 that it has opened a preliminary investigation into about 1.2 million Tesla Model 3 and Model Y vehicles, after 156…
Musk’s Trillion-Dollar Month, Reversed
In mid-June, Elon Musk became the first person on record to hold a fortune of $1 trillion. By the end of July, the title was gone. His net worth has…
