SanDisk (SNDK) inventory fell 12.63% Monday, July 13, and slid additional after hours, as a broad selloff hit reminiscence and chip shares. Several Wall Street analysts nonetheless raised or reaffirmed their worth targets on the corporate regardless of the drop. The strikes present analysts belief SanDisk’s earnings outlook, at the same time as reminiscence sector…
Almost all US shares failed to construct lasting wealth over the previous century, a new Arizona State University examine discovered, after monitoring 29,754 corporations from 1926 via 2025. Just 1,082 of these companies, about 3.7%, created all of the market’s web features. Every different inventory, on common, did no higher than proudly owning Treasury payments….
Japan shares closed sharply decrease on Monday, with the Nikkei 225 falling 1.92% to 67,242. Viral posts now declare the market has misplaced ¥82 trillion in three weeks and describe the decline as a crash. The headline quantity is broadly correct. The index has dropped 7.7% since its June 22 record of 72,831.73. However, Monday’s…
Taiwan Semiconductor Manufacturing (TSMC), the world’s largest contract chipmaker, reported June income of T$442.68 billion ($13.78 billion). This marked a 67.9% year-on-year bounce, the quickest month-to-month progress of 2026, pushed by synthetic intelligence (AI) chip demand. AI Demand Powers Record Revenue For The Chipmaker Giant June gross sales rose 6.2% from May and pushed second-quarter…
Elon Musk and Sam Altman renewed their public feud on X this weekend. The conflict got here days after Apple sued OpenAI over alleged commerce secret theft. The alternate escalated rapidly, with each billionaires buying and selling insults tied to their firms’ competing synthetic intelligence ambitions. A Rivalry Reignited The spat follows Musk’s May trial…
HDFC Bank ended the March monetary 12 months with 3,343 fewer staff, a serious contraction for India’s greatest non-public lender. Total headcount stood at 211,178 as of March 31, down from 214,521 a 12 months earlier. The lender mentioned it’s steadily transferring routine processing onto digital and automatic techniques. AI Automation Hits Back-Office Jobs Hardest…
China now accounts for roughly 40% of the 50 most generally used synthetic intelligence (AI) fashions worldwide. Its fashions have additionally overtaken US rivals in month-to-month token utilization. The numbers level to builders more and more reaching for Chinese methods, whilst US utilization retains rising. China Closes the Gap in Global AI Usage Just 5…
Robinhood will quickly let eligible US prospects join a man-made intelligence (AI) agent to a devoted account and commerce crypto on their behalf. The dealer introduced the growth throughout a latest presentation, including crypto to a product it first opened to equities in May. Crypto is coming to agentic buying and selling. Eligible US prospects…
JPMorgan’s synthetic intelligence (AI) brokers beat a conventional 60/40 portfolio throughout twenty years of backtests. The financial institution celebrated the outcome, then warned buyers to not belief it. The take a look at asks whether or not AI can transfer from helping analysts to allocating capital itself. It lands as Jack Dorsey champions a related…
Empery Digital has bought 1,400 Bitcoin (BTC) since early May, reducing its Bitcoin holdings by roughly 48%. The sale raised about $87.1 million because the Nasdaq-listed agency pivots towards AI infrastructure. The firm bought at a median worth of $62,200 per token, in accordance with a securities submitting. It joins a rising listing of treasury…