SpaceX and Tesla lost more than $1.2 trillion of combined market value in July, turning investor attention from ambitious growth platforms to margins, cash generation and the cost of artificial-intelligence infrastructure.
U.S. futures rebounded on divergent Microsoft and Meta results, while South Korea’s Kospi extended a two-day AI-driven selloff and Treasury yields reflected a divided Federal Reserve.
The Kospi closed 10.8% lower as Samsung and SK Hynix fell more than 13%, spreading semiconductor losses across Asia and the Nasdaq even while most non-chip U.S. stocks advanced.
Dozens of Apollo Go RT6 vehicles will operate with safety drivers in Brent, while a public launch through Freenow is targeted for 2027 and remains conditional on UK approval.
A $300 million Series C led by Sequoia values Etched at $10.3 billion, backed by $1 billion of booked orders, first client tests and a new 10-megawatt facility—but mass delivery remains the central risk.
A U.S. trade investigation announced after a €890 million Google fine could expose the European Union to new tariffs and merge digital regulation with the wider transatlantic trade conflict.
Dassault Systèmes confirmed its 2026 outlook after second-quarter revenue growth and announced a $1.8 billion cash acquisition of U.S. life-sciences software company ArisGlobal, with a further contingent payment tied to AI revenue targets. The deal strengthens a pressured life-sciences segment.
The European Commission approved the $55 billion acquisition of Electronic Arts by an investor group including Saudi Arabia's Public Investment Fund under EU merger rules, concluding that the transaction does not raise competition concerns. A separate review under the Foreign Subsidies Regulation remains pending, with a decision expected by July 30.
Senator Elizabeth Warren accused major AI companies of trying to use North America's trade pact to narrow regulatory access to model information and source code, opening a new public-affairs dispute over transparency, trade rules and corporate oversight.
The Chinese optical transceiver maker is preparing a Hong Kong listing that could become the city's largest share sale since Alibaba's 2019 offering, with cornerstone demand already covering nearly half of the base deal.
NetApp acquired California-based DataPelago to add GPU-accelerated data processing directly to its storage portfolio. The company said the deal will help enterprises prepare, govern and activate data for AI and analytics without moving it into separate compute clusters.
TSMC plans to invest an additional $100 billion in U.S. chip manufacturing, bringing total commitments to $265 billion. The world's largest contract chipmaker also raised its 2026 revenue forecast to above 40% after posting record $22 billion quarterly profit, driven by surging AI demand.
