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…
ON Semi’s $7 Billion Bet on the Physical World
The announcement landed on a Thursday morning from Scottsdale, Arizona, and it was the largest deal ON Semiconductor had ever done. The chipmaker, known to investors as ON Semi, agreed…
Broadcom’s AI Numbers Look Great, and the Stock Falls Anyway
The earnings report had the numbers investors once paid anything for. Broadcom said revenue in its fiscal second quarter reached $22.2 billion, up 48 percent from a year earlier, and…
Korean Investors Get Nothing as SpaceX IPO Allocation Goes Awry
The phone calls started the morning after the allocation. Korean retail investors who had signed up through Mirae Asset Securities, the country’s largest brokerage, to participate in SpaceX’s initial public…
AirTrunk Pledges $30 Billion to Make India an AI Powerhouse
The meeting in New Delhi was brief, and the announcement that followed was anything but. Robin Khuda, the chief executive of AirTrunk, the Australian data-center operator backed by Blackstone, met…
U.S. Set to Restore Foreign Access to Anthropic’s Fable 5
The export-control order landed on a Friday in June with little warning. U.S. officials told Anthropic to cut off foreign access to its two newest models, Fable 5 and Mythos…
Comcast to Split in Two, Ending a 23-Year Media Empire
The deal that built modern Comcast is being undone. The company said it plans to separate its media businesses — NBCUniversal and Sky — from its cable and technology infrastructure…
Micron Draws ‘New Nvidia’ Comparisons as Memory Costs Reshape AI Economics
Barron’s called it the “new Nvidia.” In a deep-dive analysis this week, the financial weekly argued that Micron, the memory-chip maker, now occupies the position Nvidia held at the start…
BlackRock, Nvidia and Temasek Put Billions Into Quantum Computing
Three of the biggest names in global capital are betting that quantum computing is ready for industry. BlackRock, the world’s largest asset manager, Nvidia, the dominant maker of AI chips,…
Qualcomm Plans New Phone Chip Architecture Built for On-Device AI
Qualcomm is designing a new architecture for its smartphone processors, one built specifically for on-device AI inference, according to a Semafor exclusive report. The move would mark the most significant…
