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Fed Chair Powell testified that recent inflation data doesn't fully reflect underlying pressures, while highlighting AI investment's positive short-term impact on jobs through infrastructure development and demand growth.
Read MoreMicrosoft EVP Jacob Andreou compared Copilot with a competing AI product, noting the latter is slower, less accurate, and lacks proper security integration. He emphasized ongoing efforts to enhance Copilot's competitiveness in the crowded AI assistant market.
Read MoreUBS Wealth Management forecasts the S&P 500 reaching 7900 by year-end, maintaining a positive outlook. The firm believes the market's next phase will be driven by company fundamentals like cash flow and execution, rather than valuation expansion or AI hype, creating a healthier environment for long-term investors.
Read MoreApple is reportedly exploring acquisitions of AI chip companies to address performance issues with its internal AI servers. Sources indicate the tech giant has engaged with bankers and semiconductor startups to bolster its custom server chip efforts and accelerate its AI strategy.
Read MoreOn July 15, SK Hynix ADR experienced high volatility. After plunging 9% at market open, the stock recovered significantly, closing down only 3.3% at $187.445. Despite the intraday swing, the company's market capitalization remained robust at approximately $1.37 trillion.
Read MoreOn July 15th, US storage chip stocks faced a broad sell-off, with losses deepening throughout the session. SanDisk led the decline, plunging 10%, while Western Digital and Seagate fell over 7%. SK Hynix dropped more than 6%, and Micron Technology declined over 5%. The sell-off signals mounting pressure from weak demand and inventory adjustments across the sector.
Read MoreThe Bank of Canada warns of inflation risks from cost pass-through and weak productivity, while forecasting Brent crude could fall to around $70 by late 2027. It raised export outlooks but stressed high oil price uncertainty.
Read MoreIranian power authorities in Tehran province have confiscated 187 illegal cryptocurrency mining machines from two industrial sites. The crackdown highlights ongoing efforts to curb unauthorized, energy-intensive crypto mining operations.
Read MoreSK Hynix's US-listed ADR plunged over 9%, sharply narrowing its premium to the Korean shares from 51% to around 26%. The sell-off spread across the memory sector, dragging down other major chip stocks and indicating a shift in market sentiment.
Read MoreCiti adjusted Microsoft's price target to $570 from $620, citing valuation compression in the software sector. However, the firm maintains a "Buy" rating, anticipating strong Q4 results. Growth is expected to accelerate in FY2027, driven by Azure and M365 Copilot.
Read MoreStrong demand for server CPUs is forecasted, fueled by cloud computing expansion and AI agent applications. The global market is projected to surge from $35.2B in 2025 to $170.1B by 2030, achieving a 37.1% CAGR, significantly exceeding earlier estimates.
Read MoreMajor US stock indices opened higher, led by tech gains. BlackRock surged over 8% as assets surpassed $15 trillion on strong inflows. Alibaba rose on AI integration news with Apple, while some semiconductor stocks pulled back.
Read MoreThe debate over tolls in the Strait of Hormuz could set a perilous precedent. If key global chokepoints follow suit, potential annual revenues could exceed $136 billion, driving up shipping costs, intensifying geopolitical tensions, and fragmenting the global trade system.
Read MoreIndustry reports indicate that ByteDance and ZTE's Nubia will release multiple AI smartphone models this year. One model is slated for unveiling during the 2026 World AI Conference, with total inventory estimated around 200,000 units and initial shipments under 100,000. ZTE has not yet officially commented.
Read MoreThe CEO of Morgan Stanley suggests AI-related capital expenditure could reach $10 trillion over coming years. This forecast highlights the massive commercial scaling of AI technology, set to reshape global investment landscapes and economic structures fundamentally.
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