Shares of Coherent and Lumentum fell 12% and 7% respectively after strong multi-week gains driven by AI optics demand and U.S. export restrictions on Chinese transceivers. The pullback is mainly profit-taking and caution ahead of their upcoming fiscal Q4 2026 earnings reports on August 11 and 12. Valuations are very high, with P/E ratios above 140, pricing in strong growth tied to NVIDIA's AI data center expansion. Investors are watching these earnings closely for signs of sustained AI spending or potential supply-chain risks. Other optics players like Applied Optoelectronics, which already reported earnings, saw less impact. The broader semiconductor sector remains relatively stable, indicating the sell-off is optics-specific rather than a general chip market decline.
Chery Auto is showcasing its purpose-built Level 4 (L4) self-driving Robotaxi at its 2026 Global User Summit in Wuhu, China, and signing a strategic cooperation agreement with UAE-based company K2. The Robotaxi, designed from the ground up for autono...
Bitcoin traded near $81,000 after a week of declines, facing critical support at $80,000. Ten upcoming market events, including economic data and ETF flows, could influence its direction. Five potential catalysts, such as renewed institutional ETF de...
When a bank fails, $10,000 in an FDIC-insured account is protected up to $250,000, but inflation and access delays remain risks. Physical cash avoids bank dependency but risks theft and loss. Gold offers tangible ownership without bank risk but fluct...
After Character.AI filed for bankruptcy, Disney agreed to hire at least 60 of its employees, covering the majority of the startup's workforce, with an estimated $60 million in annual compensation. This move follows Disney's acquisition of some Charac...
Bitcoin's price weakened in October due to slower corporate treasury purchases and slight net outflows from U.S. spot Bitcoin ETFs. Additionally, coins dormant for over five years were reactivated, increasing supply beyond new inflows. For the year t...
