Tech stocks faced pressure with the Nasdaq falling despite strong earnings from Micron and steady inflation data. OpenAI is considering delaying its IPO until 2027 due to investor concerns and ongoing heavy investments, while rival Anthropic has surpassed it in valuation. SpaceX plans to launch a Starlink mobile service, potentially competing with major U.S. telecom companies. Bitcoin fell to around $58,000, its lowest since September 2024, amid inflation worries and crypto market liquidations. Investors are watching Fed officials' comments for economic outlook clues.
NVIDIA reported $81.6 billion in Q1 FY27 revenue driven by a 92% YoY surge in data center sales and strong networking growth, signaling rapid AI infrastructure expansion. Micron posted $41.5 billion with a sharp gross margin increase to 84.9%, fueled...
The ProShares Ultra SK Hynix ETF (SKHU), a leveraged fund aiming to deliver twice the daily return of SK Hynix's US-listed ADR, dropped 12% in one session and has lost 52% since its July 14, 2026 launch. This steep decline is due to SK Hynix's prelim...
Vanguard Information Technology ETF (VGT) is rated a BUY due to its focused exposure on AI infrastructure suppliers benefiting from ongoing hyperscaler capital spending. Its portfolio targets scarce resources like chips, memory, networking, and equip...
Microchip Technology is expected to report strong Q2 earnings with EPS of $0.70 and revenue around $1.46 billion, a 35% increase year-over-year. This growth is driven by high demand from AI and data center markets. The company is enhancing its AI cap...
The Allspring Growth Fund outperformed the Russell 3000 Growth Index in Q2 2026, driven by strong contributions from Sandisk Corp., which benefits from the AI storage super-cycle, and Micron Technology. However, shares of Cencora underperformed in th...
