Two items from “News Items” from @EllisItems this AM (https://substack.news-items.com):
“8. A rout in global chipmakers deepened on Tuesday, as fears over the durability of the AI boom intensified ahead of results from some of Silicon Valley’s biggest companies this week. South Korea’s Kospi led declines in Asia, falling more than 10 per cent and prompting a short halt in trading, after investors dumped shares in the country’s two leading memory-chip makers. Shares in SK Hynix fell as much as 10 per cent, while its larger rival, Samsung Electronics, dropped more than 12 per cent. The two companies have tumbled 41 per cent and 34 per cent, respectively, in July so far. In Tokyo, the Nikkei 225 fell 4.4 per cent, with memory-chip maker Kioxia plunging more than 18 per cent. This month’s sell-off has slashed Kioxia’s share price in half. (Source: http://ft.com)
9. A closely watched gauge of risk in holding the debt of companies at the centre of the AI boom is rising rapidly, underscoring growing jitters over Big Tech’s vast spending on data centres, chips and computer memory. Prices for credit default swaps, popular tools to bet against corporate debt, tied to Oracle, SpaceX, Alphabet, Amazon, Meta, Broadcom and Nvidia have risen to record highs in recent days, according to LSEG data. The sharp moves echo a sell-off in debt issued by so-called hyperscalers, which are piling hundreds of billions of dollars into developing vast data centres and sophisticated AI models. It comes as investors have grown increasingly worried about the deluge of debt sold by these companies. (Source: https://t.co/i1iKd1P8Ml)”
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news17h agonews
Anthropic CEO Dario Amodei breaks silence on open-weight AI after Nvidia, Microsoft, Meta, OpenAI, and Google back open AI models
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news17h agonews
Anthropic CEO Dario Amodei breaks silence on open-weight AI after Nvidia, Microsoft, Meta, OpenAI, and Google back open AI models
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news18h agonews
Nvidia Invests $5 Billion in Ilya Sutskever’s Safe Superintelligence as AI Startup Shifts From Google TPUs to GPUs
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news18h agonews
Nvidia Invests $5 Billion in Ilya Sutskever’s Safe Superintelligence as AI Startup Shifts From Google TPUs to GPUs
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news7/26news
Swarms Weekly Ecosystem Update [July 21-26]:
Introducing Frenzy Hub, New Marketplace Home, and much more.
This week we launched the Frenzy Hub, redesigned the Swarms Marketplace home screen, and added Gemini 3.6 Flash to Swarms Cloud.
We also published a Marketplace changelog covering nearly 200 updates shipped over the past seven weeks, highlighting the rapid pace of development across the ecosystem.
Learn more ⬇️
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news7/26news
How Google Is Using Wall Street Financing Techniques to Expand Chip Sales
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news7/26news
OpenAI and Google Join Growing Coalition for Open-Weight AI as Elon Musk Endorses Jensen Huang’s Call for American AI Leadership
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news7/26news
OpenAI and Google Join Growing Coalition for Open-Weight AI as Elon Musk Endorses Jensen Huang’s Call for American AI Leadership
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Business Wire7/24news
Securities Fraud Investigation Into Alphabet Inc. (GOOG) Continues – Shareholders Who Lost Money Urged to Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm
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meme7/24meme
Premarket movers:
Tesla leads gains among Mag 7 stocks after the electric vehicle maker plunged about 15% on Thursday (Tesla +1.3%, Microsoft +1.1%, Alphabet +0.7%, Meta +0.7%, Amazon +0.5%, Apple +0.2%, Nvidia -0.4%)
Amkor Technology (AMKR) rallies 11% after the company announced a $1.5 billion multi-year binding agreement with Nvidia to develop advanced semiconductor packaging and test technologies for next-generation AI and accelerated computing platforms.
Intel (INTC) gains 4% (well below the kneejerk surge 12% higher) after the chipmaker’s third-quarter forecast was much stronger than analysts’ expectations. The results highlighted both the durability of AI-related demand, as well as the success of Intel’s turnaround.
MaxLinear (MXL) slides 11% after the semiconductor device company reported second-quarter results that were only modestly ahead of expectations. While its third-quarter revenue forecast was stronger than expected, its view for adjusted gross margin was largely in line at the midpoint of the range.
Oracle (ORCL) is up 2.6% after the software company said it had been awarded a 10-year IDIQ contract by the US Department of Defense under its Enterprise Software Initiative. The contract is valued at $3.31 billion for the first five years and up to $6.99 billion if options are exercised.
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meme7/24meme
ASIAN STOCKS FELL AFTER A TECH-LED SELLOFF ON WALL STREET, WITH THE MSCI ASIA PACIFIC INDEX DOWN 0.8% FOLLOWING A 1.2% DROP IN THE S&P 500 AND A 1.9% FALL IN THE NASDAQ 100, AS INVESTORS QUESTIONED RETURNS ON MASSIVE AI SPENDING AFTER ALPHABET SANK 7.1% ON A HIGHER CAPEX FORECAST AND TESLA TUMBLED 15% ON DISAPPOINTING PROFITS.
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news7/23news
Gemini sent $10M in Bitcoin to Trump PAC after joint motion with CFTC
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news7/23news
COINTELEGRAPH: Gemini sent $10M in Bitcoin to Trump PAC after joint motion with CFTC
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news7/23news
Gemini sent $10M in Bitcoin to Trump PAC after joint motion with CFTC
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meme7/23meme
GLOBAL MARKETS SLID AS U.S.-IRAN ESCALATION PUSHED BRENT ABOVE $100 AND LIFTED TREASURY YIELDS TO YEAR-HIGHS, WHILE AI SPENDING DOUBTS HIT TECH, WITH ALPHABET DOWN 6.9% AND TESLA DOWN 15%, LEAVING THE S&P 500 OFF 1.2% AND THE NASDAQ 100 OFF 1.9%.
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news7/23news
Dow drops 500 points as Brent crude surges above $100; Alphabet and Tesla tank: Live updates
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news7/23news
市场消息：Alphabet(GOOG.O)持有的Anthropic股份价值飙升至约1240亿美元。
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Hanami7/23news
Spending strikes again: Tesla and Alphabet are being punished by investors for lofty capex plans
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news7/23news
Google closes in on another billion user product with Gemini