Foxconn, known for assembling iPhones, saw a 34% revenue increase to NT$1.69 trillion ($53.6B) in April-May 2026, driven by strong demand for Nvidia-powered AI servers. AI servers now make up about 40% of its Cloud and Networking segment, surpassing smartphone assembly revenue. The company expects AI server shipments to more than double in 2026 and has raised its full-year revenue target to NT$11 trillion ($350.5B), signaling sustained cloud infrastructure spending. However, heavy reliance on Nvidia's technology poses risks if supply or competitive issues arise.
SpaceX signed a $920 million monthly compute-leasing agreement with Google, granting access to about 110,000 Nvidia GPUs through mid-2029. This deal, revealed just days before SpaceX's IPO, includes an exit clause for Google if SpaceX fails to delive...
Arthur Hayes, co-founder of BitMEX and head of Maelstrom, sold the firm's entire Worldcoin stake just a day after saying he would hold it. He linked his decision to a sharp decline in pre-listing prices of SpaceX shares, which are tied to the AI trad...
Ether fell over 8% to $1,625 on June 5, marking its lowest price since April 2025 and a steep decline from nearly $5,000 less than a year ago. This drop occurred alongside Bitcoin's sixth straight daily loss and severe declines in privacy coins like ...
BNB Chain's tokenized real-world asset (RWA) value surged 60% quarterly to reach $3.6 billion, driven mainly by tokenized treasuries from Circle, BlackRock, and Ondo. Despite this growth, the network's on-chain revenue fell to $43.4 million in Q1 202...
Zcash has released a protocol upgrade that enhances its shielded transaction features, improving privacy by better hiding sender, receiver, and amount details on the blockchain. The update introduces refined zero-knowledge circuits that reduce comput...
