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Applied Optoelectronics reported strong Q2 earnings with revenue up 86.31% year-over-year. The company announced rapid capacity expansion, expecting monthly output for 800G/1.6T products to reach approximately 650,000 units by year-end, supporting growing demand for data center and AI infrastructure.
Read MoreNVIDIA has officially denied market rumors about accelerating its entry into the telecom operator market and seeking base station manufacturing partners in China. A company spokesperson called the reports "unfounded and inaccurate." Previous speculation had linked NVIDIA to 6G AI-RAN base station development with specific manufacturers.
Read MoreYunfeng Capital has officially denied rumors of investing in US AI insurance firm Corgi. Founded by Jack Ma and Yu Feng, the private equity firm has built a significant portfolio in AI and semiconductor sectors, including companies like Horizon Robotics and Montage Technology. This analysis explores its investment strategy.
Read MoreSpot gold prices surged past the key $4,300 per ounce level, marking a historic high with a daily gain of 1.41%. This rally is fueled by rising global safe-haven demand, geopolitical tensions, and economic uncertainty, highlighting gold's role as a preferred asset in volatile markets.
Read MoreInnoLight, a leading optical module company, saw a sharp decline in both its A-share and H-share prices during late trading. The market attributes this volatility to robust capacity expansion and order signals from US peer AAOI, which reported AI infrastructure demand exceeding supply and secured massive 1.6T orders. InnoLight promptly responded, stating its July order guidance remains unchanged and operations are normal.
Read MoreThe U.S. optical communications sector rallied pre-market on August 7th, with Applied Optoelectronics leading the charge, surging over 13%. The company's Q2 revenue soared 86.4% year-over-year to $191.9 million, driven by its data center business, which exceeded $100 million for the first time, up 140% and now constituting 56% of total revenue.
Read MoreChina's foreign exchange reserves reached $3.41878 trillion in July, slightly below the market forecast of $3.422 trillion but showing a modest increase from June's $3.41626 trillion. This article analyzes the data, the gap with expectations, and recent trends in forex reserves.
Read MoreLeading South Korean crypto exchange Upbit has added Synthetix (SNX) to its "Investment Caution" list and suspended deposit services as of August 7, according to MyXmr. This move typically signals the exchange has detected potential risks associated with the asset, advising users to exercise caution.
Read MoreThe Hong Kong Stock Exchange reported a market capitalization of HK$46.8 trillion at end-July, up 4% year-on-year. Trading activity surged, with average daily turnover in July and the first seven months rising 17% and 18% respectively, indicating robust liquidity and investor engagement.
Read MoreSouth Korean police have awarded a one-year contract to a major crypto exchange's parent company for secure custody of seized digital assets. The solution employs advanced security protocols including cold storage and multi-signature technology, marking a significant step in institutional handling of crypto assets.
Read MoreSK Hynix plans to invest $38.4 billion in domestic chip production expansion in South Korea. Key focus includes HBM and next-generation DRAM manufacturing at its Yongin facility, with investments extending through 2031 to solidify Korea's semiconductor leadership.
Read MoreThe US July jobs report, due tonight at 20:30 ET, is a critical indicator for the Fed's next interest rate decision. With wildly divergent forecasts among major institutions, markets are bracing for potential volatility across stocks, bonds, and the dollar.
Read MoreUnitree Robotics announced its humanoid robot shipments exceeded 5,500 units in 2025, securing the top global position. This achievement highlights its early commercial advantage in general-purpose robotics through proprietary core technology.
Read MoreHong Kong Exchanges data reveals 104 new listings in the first seven months of the year, a 96% increase year-on-year. IPO fundraising reached HK$328.2 billion, surging 154% compared to the same period last year. Multiple market factors are fueling this exceptional activity.
Read MoreUpbit will delist BONK, terminating all trading pairs (BONK/KRW and BONK/USDT) on September 7, 2026. Users have until October 7, 2026, to withdraw their BONK holdings from the platform. This decision is part of the exchange's regular asset review process.
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