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NVIDIA is in talks with Mitsubishi Heavy Industries to collaborate on cooling and power management solutions for next-generation AI data centers, dubbed "AI factories." The partnership aims to address soaring energy demands and thermal challenges as AI computing scales globally.
Read MoreTrading for SK Hynix ADR options commenced on July 14th, seeing explosive first-day volume exceeding 33,000 contracts. Remarkably, over two-thirds of this activity was concentrated in short-term options expiring this Friday. The market, including retail investors, is actively positioning for a near-term surge in the ADR's price, with the $185 call option being the most actively traded.
Read MoreMultiple crypto community sources indicate Coinbase has quietly launched a streamlined registration process for Chinese-speaking users. The new flow reportedly requires no overseas address proof and can be completed in under 5 minutes, signaling a significant move to expand its reach in Chinese-language markets.
Read MoreChangXin Memory Technologies (CXMT) has set the final price for its STAR Market IPO at 8.66 yuan per share. Based on disclosed holdings, founder and Chairman Zhu Yiming's stake in CXMT is valued at approximately 13.79 billion yuan. Combined with his shares in GigaDevice, his total portfolio value exceeds 30 billion yuan, highlighting significant wealth creation in China's semiconductor sector.
Read MoreMajor U.S. stock indices opened mixed, with the Nasdaq leading gains. AI hardware and storage sectors surged, boosting stocks like SanDisk, TSMC, and Micron. IBM shares crashed over 22% after its preliminary Q2 sales missed expectations, citing a client shift in spending towards chips and servers.
Read MoreOn July 14th, SK Hynix's American Depositary Receipts (ADR) surged 12%, closing at $170.70 per share. This significant rally propelled the company's total market capitalization toward the $1.24 trillion mark, reflecting strong market confidence in the leading memory chipmaker.
Read MoreOn-chain data reveals Grayscale transferred approximately 852.7 BTC, valued at around $54.4 million, to Coinbase Prime. This significant institutional movement is being closely watched as a potential indicator of broader market activity and sentiment shifts.
Read MoreIBM's stock experienced a dramatic intraday plunge of 23%, marking its worst single-day performance since the 1987 market crash. This sharp decline, far exceeding expectations, has intensified investor scrutiny over the tech giant's growth trajectory and the effectiveness of its long-term strategic transformation.
Read MoreHadrius, an AI-powered compliance infrastructure firm, raised $27 million in seed and Series A funding led by CRV. The capital will fuel development of its AI-native platform for financial services, integrating compliance review, risk monitoring, and regulatory documentation into a single intelligent workflow via Agentic AI.
Read MoreKey developments on July 14 centered on US economic data and tech funding. Cooler-than-expected June CPI pushed back Fed rate hike expectations to October. AI firm DeepSeek eyed a new funding round, while stablecoin projects attracted major investment. Geopolitical and philanthropic news also garnered attention.
Read MoreBitcoin has decisively broken through the $64,000 resistance level, currently trading at $64,016 with a notable 2.51% gain in 24 hours. The increased market volatility underscores the critical need for investors to implement robust risk management strategies.
Read MoreCXMT has set its STAR Market IPO price at 8.66 yuan per share, with subscriptions opening on July 16. The large-scale offering aims to raise nearly 58 billion yuan, though its high price-to-earnings ratio compared to industry peers has become a focal point for investors.
Read MorePact Labs raised $7 million in a Series A round led by Tether. The funding will accelerate its stablecoin payment infrastructure, aiming to provide salary disbursement, credit, and payment services to millions of US workers through a partnered USD stablecoin.
Read MoreFed Chair expressed optimism about the economy, citing stable labor markets and wage growth, but urged caution regarding the AI boom. He warned that AI-driven investment introduces economic uncertainties, posing new challenges for inflation and employment policy.
Read MoreU.S. core CPI rose 2.6% year-over-year in June, below the 2.8% forecast and cooling from May's 2.9%. Monthly growth stalled at 0%, surprising markets. The larger-than-expected slowdown intensifies speculation that the Federal Reserve could cut interest rates sooner.
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