Amazon’s $3 Trillion Day
Amazon’s market value crossed $3 trillion for the first time on Aug 3, making it the fifth company to reach that level, as investors rewarded the company’s AI and cloud…
Anthropic’s $10 Billion Cloud Bet
Anthropic has agreed to spend $10 billion on computing power from Volta, a cloud startup so new that most of the industry has never heard of it, according to people…
Coldcard’s Random-Number Failure
More than 1,755 bitcoin, worth about $110 million at the time, have been drained from roughly 5,000 wallets whose security was supposed to be unbreakable. The wallets were created with…
DeepX’s Fourfold Valuation Jump
DeepX Co., a South Korean designer of AI chips, has signed the first agreements in a Series D round that values the company at about 3.14 trillion won ($2.2 billion),…
Apple’s $10 Billion India Run
Apple’s sales in India crossed $10 billion for the first time in the 12 months through March, according to people familiar with the matter, a double-digit gain that puts the…
Apple’s Injunction Bid in the OpenAI Feud
Apple on Tuesday asked a federal court to stop OpenAI from building AI hardware on Apple technology, widening a trade-secrets fight that began with a handful of defecting engineers and…
Taiwan Memory’s Two-Day Run
On Taiwan’s stock exchange, the price boards told a different story from Seoul’s. Memory stocks rose limit-up for a second straight session on August 3, with Nanya Technology and Winbond…
Cloud Capital Spending’s $1.2 Trillion Forecast
Every time Morgan Stanley’s cloud team updates its spreadsheets, the number gets bigger. The bank now expects global cloud capital spending to reach $1.2 trillion in 2027, up 30% from…
DeepX’s $2.2 Billion Round
A Seoul-based chip designer that most outsiders had never heard of is now worth $2.2 billion. DeepX closed a new funding round at roughly four times its previous valuation, according…
Memory Stocks Take Their First Hard Hit
The two companies that rode the AI memory boom hardest fell hardest. Samsung Electronics and SK Hynix each dropped nearly 9% on August 3, and the KOSPI closed down 5.12%…
