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Bloomberg24d agobearish
Nvidia Employee Detained by Taiwan in China Chip Smuggling Probe

(Bloomberg) -- Taiwanese prosecutors have detained an Nvidia Corp. employee and searched the company’s offices as part of a widening probe into the alleged smuggling of AI accelerators into China, according to people familiar with the matter. Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapASML Slides on Report of China Starting DUV Tool Production

J&J offers $5.5bn to settle baby powder lawsuits
Sky News24d agobearish
J&J offers $5.5bn to settle baby powder lawsuits

Johnson & Johnson (J&J) has offered to pay $5.5bn (£4.13bn) to resolve tens of thousands of lawsuits in the US alleging its talcum powder caused ovarian cancer. The company said the settlement covers around 76,000 claims, having already settled most cases alleging its talc contained asbestos and caused mesothelioma. J&J's vice president of litigation, Erik Haas, said the move was motivated by a desire to get closure – describing the claims themselves as "meritless".

Nvidia behind $50 billion lease on Texas data center, FT reports
Reuters24d agoneutral
Nvidia behind $50 billion lease on Texas data center, FT reports

Nvidia has ‌signed ‌leases worth up ​to $50 billion for a data ‌center in ⁠Texas that Hut ⁠8 is building, ​the ​Financial ​Times reported ‌on Tuesday, citing five people familiar with ‌the ​deal. Reuters ​could ​not ‌immediately verify the ​report. (Reporting ​by Gnaneshwar Rajan ​in ‌Bengaluru; Editing ​by Sonia ​Cheema)

Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks
Associated Press24d agobearish
Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks

South Korea’s Kospi index plunged more than 10% on Tuesday on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial intelligence. Oil prices fell more than 1%, while U.S. futures were little changed. Trading was temporarily halted as Kospi dropped to its lowest level since April as shares in chipmakers Samsung Electronics and SK Hynix dropped sharply.

Morgan Stanley sees a troubling S&P 500 repeat
TheStreet24d agoneutral
Morgan Stanley sees a troubling S&P 500 repeat

Investors were betting the S&P 500’s next leg higher would come from a broader rally, with more cyclical and speculative stocks joining the biggest winners. Morgan Stanley sees something else. Instead of spreading the risk, investors are apparently retreating toward high-quality ...

Bloomberg25d agoneutral
Anthropic’s Amodei Rejects Open Model Ban But Calls for Testing

(Bloomberg) -- Silicon Valley leaders, including Anthropic PBC Chief Executive Officer Dario Amodei and Nvidia Corp. CEO Jensen Huang, are warning against a broad government crackdown on open-weight artificial intelligence systems as a response to a breakthrough Chinese AI model that’s challenged US leadership in the technology.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offse

South Korea may cap leveraged ETF investments for retail investors, media reports say
Reuters25d agoneutral
South Korea may cap leveraged ETF investments for retail investors, media reports say

South Korea's top financial regulator said on Tuesday that authorities would ‌consider a cap on single-stock leveraged exchange-traded ‌funds (ETF) investments for retail investors if needed, local media reports ​said. Lee Eog-weon, chairman of the Financial Services Commission, told a meeting with local brokerages and asset managers in Seoul that the regulator would review and ‌prepare additional measures ⁠to curb the demand for the ETF products, such as putting a cap ⁠on total value of investments for each individual.

Nvidia just made a move Wall Street wasn't ready for
TheStreet25d agoneutral
Nvidia just made a move Wall Street wasn't ready for

The artificial intelligence (AI) buildout has entered a new phase. Companies are no longer just buying chips in bulk. They now hunt land, power, and financing on a scale the tech industry rarely attempts. Nvidia (NVDA) sits at the center of that shift, and its next move could reshape how AI ...

Tesla sales rebound hides costly problem for investors
TheStreet25d agoneutral
Tesla sales rebound hides costly problem for investors

Tesla’s vehicle sales recovered in the second quarter, but negative free cash flow, declining margins and increasing AI spending present new threats for TSLA investors. Tesla (TSLA) finally gave investors the car comeback they’ve been waiting for. But the profits and cash flow never came. Revenue ...

Samsung, SK Hynix slide amid Nvidia financing worries, China competition
Reuters25d agoneutral
Samsung, SK Hynix slide amid Nvidia financing worries, China competition

South Korean chip stocks slumped on Tuesday, with Samsung Electronics and SK Hynix falling as much as ‌9.5% and 10.9%, respectively, as investors dumped AI-related bets amid mounting concerns ‌over financing risks tied to AI infrastructure spending and intensifying competition from China. SK Hynix's U.S.-listed shares had ​already slumped overnight, closing at $143.02, below their initial public offering price of $149. The benchmark KOSPI was trading down 7.3% as of 0032 GMT.

Bloomberg25d agobearish
Korean Stocks Sink as Chipmakers Plunge on Deepening AI Fatigue

(Bloomberg) -- South Korean stocks plunged, dragged by the nation’s memory chipmaking powerhouses as investor sentiment continues to worsen on the artificial intelligence boom.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapChina Chipmaker CXMT Jumps 466% in Debut After Blockbuster IPOASML Slides on Report of China Starting DUV Tool ProductionThe b

Meta sent a warning to its glasses pranksters
TheStreet25d agoneutral
Meta sent a warning to its glasses pranksters

Every consumer technology gets a reputation before it gets a rulebook. The camera phone was a toy until it turned up as a courtroom exhibit. Rules arrive after behavior, and by then, the behavior already has an audience. Meta Platforms (META) has spent three years building the first real hardware ...

Nikkei Falls 2.6%, Dragged by Chip, Metals Stocks
The Wall Street Journal25d agoneutral
Nikkei Falls 2.6%, Dragged by Chip, Metals Stocks

0014 GMT — Japanese stocks are lower in early trade following overnight drops in U.S. technology stocks. Uncertainty over the Iran conflict is also weighing on the market. Investors are closely watching crude oil prices and developments in the Middle East after Saudi Arabia said it had intercepted drones that Iran-backed militias in Iraq had launched at the kingdom’s oil facilities.

Upstart (UPST): Buy, Sell, or Hold Post Q1 Earnings?
StockStory25d agoneutral
Upstart (UPST): Buy, Sell, or Hold Post Q1 Earnings?

Upstart’s stock price has taken a beating over the past six months, shedding 40.1% of its value and falling to $27.06 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.

SLB CEO sends clear message on oil services upcycle
TheStreet25d agoneutral
SLB CEO sends clear message on oil services upcycle

Wall Street spent most of July bracing for a rough quarter for SLB N.V. (SLB), formerly known as Schlumberger Limited. Fighting in the Middle East had shut in wells, and oil prices were sliding amid U.S.-Iran peace talks. This caused six brokers to trim their price targets going into the ...

Bloomberg25d agoneutral
SK Hynix’s Rebound From $470 Billion Rout Hinges on AI Spending

(Bloomberg) -- A $470 billion rout in just a little over a month has flipped SK Hynix Inc. from one of the world’s hottest AI trades to one of the biggest portfolio question marks.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapChina Chipmaker CXMT Jumps 466% in Debut After Blockbuster IPOASML Slides on Report of China Starting DUV Tool ProductionS

McDonald's decided you are not worth helping anymore
TheStreet25d agoneutral
McDonald's decided you are not worth helping anymore

Starbucks has found the perfect mix of digital and human ordering. You can use the company's app to place your complicated order and know it will be made exactly the way you want. And people who don't want to use the app can stand in line or go through the drive-through to order from an actual ...