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Apple's attempt to negotiate lower prices for mobile DRAM chips from Chinese supplier CXMT has been firmly rejected. Strong domestic demand from smartphone makers like Huawei and Xiaomi has given the chipmaker enough leverage to maintain its pricing power.
Read MoreHuawei's consumer business head Yu Chengdong warned at a product launch that soaring memory chip costs are putting immense pressure on smartphone makers. He predicted industry-wide price increases may be inevitable, as selling at current prices could lead to losses for manufacturers.
Read MoreThree Arrows Capital liquidators are suing co-founder Zhu Su's wife for $40M from a Dubai villa sale, alleging asset transfer using company funds before collapse. She denies knowledge of the source, claiming good faith gift receipt, as liquidators seek $1.3B from founders against $3B+ debts.
Read MoreSouth Korea has unveiled a 1 trillion won AI infrastructure fund, jointly established by the Ministry of Science and ICT and the Korea Development Bank. It will focus on next-generation AI data centers and energy facilities to accelerate national AI capabilities.
Read MoreCipher Digital's stock plunged after reporting wider Q2 losses. Bernstein maintains an "Outperform" rating and $32 target, citing on-track progress of its three contracted AI data center projects as a key long-term value driver the market may be overlooking.
Read MoreSpaceX CEO Elon Musk announced the company will exclusively use NVIDIA technology for its AI compute infrastructure, planning to launch satellites with NVIDIA's Vera Rubin NVL72 systems next year to extend high-performance AI computing into low Earth orbit. Following the news, NVIDIA's pre-market stock rose 2.3%.
Read MoreIn pre-market trading on August 5th, memory chip stocks broadly declined. SK Hynix shares fell more than 3%, while Micron Technology and SanDisk each dropped over 1%, reflecting market concerns about the sector's outlook.
Read MoreSpaceX (SPCX.O) shares plunged more than 10% in pre-market trading. Market analysts attribute this sharp decline to investor concerns over the company's recent surge in AI-related spending, raising questions about cost discipline and strategic focus.
Read MoreA new staking program for RE (Re Protocol) is launching, offering a 700,000 RE token airdrop pool. Users can earn rewards by locking assets like BTC, RLUSD, OKB, or RE. Early participation is available, with rewards counting from the official start date.
Read MoreAMD reported record Q2 revenue with 50% year-over-year growth, driven by a 107% surge in data center sales. However, its Q3 revenue forecast, though above analyst estimates, disappointed some aggressive investors, triggering a pre-market stock plunge of over 7%.
Read MoreIn response to recent negative measures against Chinese companies by the U.S. FCC, China has sanctioned Compliance Testing LLC for assisting these actions. From August 5, 2026, all organizations and individuals within China are prohibited from transacting or cooperating with the firm, based on China's Anti-Foreign Sanctions Law.
Read MoreSpot gold surged dramatically on August 5, gaining $100 intraday to reach $4177.78 per ounce, a 2.47% increase. This sharp rise is driven by heightened market uncertainty and soaring safe-haven demand, drawing significant investor attention to gold's trajectory.
Read MoreWestern Union has launched Stablecard, a stablecoin-backed credit card and digital wallet guaranteed by Visa. It allows users to hold, transfer, and spend USD-pegged value globally, accelerating the traditional remittance giant's push into crypto payments for more efficient cross-border transactions.
Read MoreA proposed US ban on Chinese optical modules would severely impact American hyperscale cloud providers. Chinese firms supply about two-thirds of global data center modules. Western suppliers lack short-term capacity to replace them, risking supply gaps and soaring costs in an interdependent ecosystem.
Read MoreBernstein raised AMD's price target from $600 to $650, reflecting strong confidence in its growth across data center, AI, and PC markets. The adjustment highlights expectations for competitive strength and market share gains.
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