Big Tech on Pulse

Archer Buys Boeing's Wisk, SkyGrid and Insitu Units

Archer Aviation is acquiring Boeing's Wisk Aero, SkyGrid and Insitu units in an all-stock deal that gives Boeing roughly a 16.5% stake in Archer and sent Archer shares up nearly 19%.

Aug 10, 2026DEEP DIVE

Intel Raises $15B in First Stock Sale Since 1971

Intel Raises $15B in First Stock Sale Since 1971

Intel priced a $15 billion common stock offering on August 10, its first public share sale since the company's 1971 IPO, to fund AI, foundry and advanced-packaging expansion.

Aug 10, 2026DEEP DIVE

Zoox Starts Charging for Robotaxi Rides Today

Zoox Starts Charging for Robotaxi Rides Today

Zoox began charging for robotaxi rides in Las Vegas on August 10 under the first NHTSA exemption ever granted for a steering-wheel-free vehicle, and named Miami and Austin as its next early-rider cities.

Aug 10, 2026DEEP DIVE

Ford's $28,350 Fathom Bets Big on Affordable EVs

BIG TECH$28,350 starting

Ford's $28,350 Fathom Bets Big on Affordable EVs

Ford unveiled the Fathom, a midsize electric pickup starting at $28,350, its first vehicle built on a new low-cost 'Universal EV Platform,' with deliveries beginning in 2027.

Aug 10, 2026BRIEF

IonQ Completes Its Acquisition of SkyWater Technology

BIG TECH$1.8B deal

IonQ Completes Its Acquisition of SkyWater Technology

IonQ closed its $1.8 billion acquisition of chip foundry SkyWater Technology, calling itself the only vertically integrated, full-stack quantum computing platform company as a result.

Nvidia and SK Hynix Expand Their $500B AI Memory Bet

Nvidia and SK Hynix Expand Their $500B AI Memory Bet

Nvidia and SK Group expanded a partnership both companies describe as worth more than $500 billion across AI factories and next-generation memory, centered on a long-term deal to co-develop HBM.

Lantheus Agrees to Up-to-$8B Curium Takeover

BIG TECHUp to $8.0B

Lantheus Agrees to Up-to-$8B Curium Takeover

Lantheus Holdings agreed to be acquired by Curium for $102.50 a share in cash plus contingent value rights worth up to $12.00 more, a deal that could total $8.0 billion.

Alphabet and Microsoft Just Raised the Capex Bar Again

Aug 9, 2026BY THE NUMBERS

Alphabet and Microsoft Just Raised the Capex Bar Again

Alphabet raised its 2026 capex guidance to $195-205B and Microsoft signaled FY27 spending will grow again, the clearest sign yet that AI infrastructure spending isn't decelerating despite investor unease over payback timelines.

SpaceX's $60B Cursor Deal Enters Its Final Stretch

SpaceX's $60B Cursor Deal Enters Its Final Stretch

SpaceX's all-stock acquisition of AI coding startup Cursor remains on track to close this quarter, positioning the rocket-and-satellite company as an unlikely new owner of one of the fastest-growing developer tools in AI.

BIG TECH· Aug 8, 2026

AI's Biggest Bets This Week Were All About Factories

BIG TECH+16.7% stock move

AI's Biggest Bets This Week Were All About Factories

Terafab's $16.8B chip fab, AMD's purchase of silicon startup Taalas, and Hadrian's $1.37B raise all point the same direction: AI capital moving from model weights into the physical plants that build chips and hardware.

Aug 8, 2026DEEP DIVE

BIG TECH· Aug 7, 2026

Twilio Stock Soars 17% on Guidance Raise

Twilio Stock Soars 17% on Guidance Raise

Twilio shares jumped as much as 16.7% after beating Q2 estimates and raising full-year revenue growth guidance from 14-15% to 18-18.5%, extending software's earnings-season divergence.

Aug 7, 2026BRIEF

BIG TECH$16.8B first phase

Tesla and SpaceX Commit $16.8B to Texas Chip Fab

Tesla and SpaceX Commit $16.8B to Texas Chip Fab

Tesla and SpaceX will spend $16.8 billion on a first-phase chip plant in Grimes County, Texas, built to supply Optimus robots, robotaxis and orbital data centers rather than the Nvidia GPUs SpaceX still buys for AI training.

OpenAI Moves to Dismiss Apple's Trade-Secrets Suit

OpenAI Moves to Dismiss Apple's Trade-Secrets Suit

OpenAI asked a federal judge to dismiss Apple's trade-secrets lawsuit, arguing Apple's own iCloud policy created the access gap at issue, with an October 1 injunction hearing still ahead.

Aug 6, 2026FOLLOW-UP

AMD Buys AI Chip Startup Taalas to Challenge Nvidia

AMD Buys AI Chip Startup Taalas to Challenge Nvidia

AMD is acquiring Taalas, a startup that hardwires AI model weights directly into silicon, betting that model-specific inference chips can chip away at Nvidia's lead once a handful of foundation models dominate deployed volume.

Google's $15B India Data Center Faces Legal Fight

BIG TECH$15B data center

Google's $15B India Data Center Faces Legal Fight

Activists and a state high court are challenging Google's $15 billion Andhra Pradesh data center project over water use and its proximity to a wildlife sanctuary, with a hearing set for August 24.

SoftBank Borrows $10B Against Its OpenAI Bet

SoftBank Borrows $10B Against Its OpenAI Bet

SoftBank secured a $10 billion margin loan against its OpenAI shares the same quarter an $8.2 billion Intel stake gain carried its earnings beat, while OpenAI itself contributed no investment gain at all.

Aug 6, 2026DEEP DIVE

BIG TECHup to $116B unlocked

SpaceX Faces Test as 911M Shares Unlock

SpaceX Faces Test as 911M Shares Unlock

SpaceX's first major post-IPO lockup expiration freed 911.5M shares worth as much as $116B for sale on August 6, more than doubling the public float as the stock trades near $108, down from a post-IPO high above $225.

Tesla, SpaceX to Build $16.8B Chip Factory

BIG TECH$16.8B initial

Tesla, SpaceX to Build $16.8B Chip Factory

Tesla and SpaceX will jointly build Terafab, a $16.8B initial-phase chip factory in Grimes County, Texas, to make chips for Optimus, Cybercabs and space-based data centers, with total spending potentially reaching $119B.

Google's AI Shake-Up Raises Pichai Succession Questions

Google's AI Shake-Up Raises Pichai Succession Questions

Google moved Demis Hassabis from DeepMind CEO to chair and chief scientist while Jeff Dean departed, a reshuffle analysts read as an early signal in the succession conversation around CEO Sundar Pichai.

Aug 5, 2026BRIEF

Dow Hits a Record as AI Capex Jitters Hit Nasdaq

Dow Hits a Record as AI Capex Jitters Hit Nasdaq

The Dow closed at a record for a fifth straight session while the Nasdaq fell on AI-capex jitters, and Palantir's still-standing 29% earnings pop shows investors separating AI infrastructure spending from AI software margins.

BIG TECH~$27.9B July revenue

Foxconn Posts Record Sales on AI Server Demand

Foxconn Posts Record Sales on AI Server Demand

Hon Hai, Apple and Nvidia's biggest contract manufacturer, posted record July revenue of roughly $27.9 billion, up 54% year over year, as AI server and cloud-networking demand offset a soft consumer-electronics season.

Aug 5, 2026BRIEF

CXMT Chips Reach HP, Asus and Acer Laptops

CXMT Chips Reach HP, Asus and Acer Laptops

HP, Asus and Acer confirmed limited use of Chinese CXMT memory chips in non-US laptops as AI data centers consume an estimated 70% of global memory chip production this year.

Aug 5, 2026BRIEF

Jeff Dean Exits Google, Hassabis Steps Down as CEO

Jeff Dean Exits Google, Hassabis Steps Down as CEO

Chief scientist Jeff Dean and three senior AI researchers left Google to start an independent lab called Discovery Loop, while Demis Hassabis moved from DeepMind CEO to Alphabet chief scientist as Kavukcuoglu takes over daily operations.

S&P 500, Nasdaq Hit Records as AI Trade Rebounds

S&P 500, Nasdaq Hit Records as AI Trade Rebounds

The S&P 500 closed at a record 7,736.52 and the Dow topped 54,000 as strong earnings and easing oil prices fueled a broad AI-stock rally, even as AMD and SpaceX sold off on their own earnings.

Jeff Dean Exits Google, Hassabis Steps Down at DeepMind

Jeff Dean Exits Google, Hassabis Steps Down at DeepMind

Google's longtime chief scientist Jeff Dean is leaving to start his own company after 27 years, while Demis Hassabis steps down as DeepMind's CEO to become Alphabet's chief scientist as Koray Kavukcuoglu takes over daily operations.

Apple's Private Relay Is Leaking Real IP Addresses

Apple's Private Relay Is Leaking Real IP Addresses

Researchers Tommy Mysk and Talal Haj Bakry published three WebKit flaws that let websites see an iCloud+ subscriber's real IP address even with Private Relay switched on, and say they skipped disclosing to Apple first.

Saudi PIF, Kushner's Affinity Close $55B EA Buyout

BIG TECH$55B buyout

Saudi PIF, Kushner's Affinity Close $55B EA Buyout

A consortium led by Saudi Arabia's PIF, Silver Lake and Jared Kushner's Affinity Partners completed a $55B take-private of Electronic Arts, financed by a $20B JPMorgan loan -- the largest leveraged buyout on record.

AMD Sinks as Musk Commits SpaceX Exclusively to Nvidia

AMD Sinks as Musk Commits SpaceX Exclusively to Nvidia

AMD shares fell as much as 9% after Elon Musk said SpaceX will build exclusively on Nvidia's Vera Rubin architecture going forward, even as AMD beat Q2 estimates and CEO Lisa Su guided to 80% second-half server revenue growth.

Reddit Is Testing an LLM to Replace AutoMod

Reddit Is Testing an LLM to Replace AutoMod

Reddit is expanding tests of Rules Hub, an LLM-based enforcement system that reads the intent of a subreddit rule instead of matching keywords, and says it eventually wants it to take over AutoMod's enforcement job.

Zoox Starts Charging for Robotaxi Rides in Las Vegas

Zoox Starts Charging for Robotaxi Rides in Las Vegas

Amazon-owned Zoox will begin charging fares for its steering-wheel-free robotaxis in Las Vegas on August 10, its first commercial market after NHTSA cleared it to operate up to 2,500 driverless vehicles without human controls.

BIG TECH$11.5B Q2 revenue

AMD Sinks Despite Record Earnings, Data Center Doubles

AMD Sinks Despite Record Earnings, Data Center Doubles

AMD posted record $11.5B quarterly revenue and 107% data center growth, yet shares fell nearly 9% after hours as investors questioned the pace and durability of the AI buildout funding it.

Saudi-Led Group Closes $55B EA Buyout With Kushner

BIG TECH$55B buyout

Saudi-Led Group Closes $55B EA Buyout With Kushner

Saudi Arabia's Public Investment Fund, Silver Lake and Jared Kushner's Affinity Partners completed the largest leveraged buyout on record, taking Electronic Arts private at $210 a share with $20B borrowed from JPMorgan.

Google Assistant Is Disappearing From Phones Next Month

Google Assistant Is Disappearing From Phones Next Month

Google is shutting down the classic Google Assistant on phones and tablets next month, completing its transition to Gemini as the default AI assistant across Android.

SpaceX Beats, Musk Vows Moon Robots and $1T Sales

BIG TECH$7.8B Q2 revenue

SpaceX Beats, Musk Vows Moon Robots and $1T Sales

SpaceX's debut public earnings report beat estimates with revenue nearly doubling to $7.8B, but a promise of moon-based robots and a pulled-forward $1 trillion revenue target didn't stop shares from sliding on the size of its AI capex.

SpaceX's First Public Earnings Spook Wall Street

BIG TECH$7.8B Q2 revenue

SpaceX's First Public Earnings Spook Wall Street

SpaceX posted 92% revenue growth to $7.8B in its first quarterly report since June's IPO, but shares reversed to a loss after hours once investors saw quarterly capex nearly double to $18.4B.

BIG TECH$6.7B data center rev.

AMD Data Center Revenue Doubles, Stock Still Falls

AMD Data Center Revenue Doubles, Stock Still Falls

AMD's data center revenue rose 107% to $6.7B and beat the Street, but shares fell more than 8% after-hours on concerns about what sustaining that growth will cost.

OpenAI Fires Back at Apple's Trade Secret Suit

OpenAI Fires Back at Apple's Trade Secret Suit

OpenAI published internal chats and emails calling Apple's trade-secret lawsuit over its hardware plans careless, aggressive and oddly personal, escalating a fight that began when Apple sued in July.

OpenAI Publishes Emails to Rebut Apple's Trade Secret Suit

OpenAI Publishes Emails to Rebut Apple's Trade Secret Suit

OpenAI answered Apple's July trade secrets lawsuit with a public post calling it careless, aggressive and oddly personal, publishing messages it says show Apple staff asking a departed employee to help locate files.

SpaceX Now Makes More Money as an AI Company

SpaceX Now Makes More Money as an AI Company

SpaceX's Q2 revenue nearly doubled year-over-year, with compute deals for Anthropic and Google now contributing enough that its AI-infrastructure business is rivaling its core launch and Starlink revenue.

Bending Spoons Buys Airtable for $1.28B

BIG TECH$1.285B

Bending Spoons Buys Airtable for $1.28B

Bending Spoons, fresh off its own July IPO, agreed to acquire Airtable for $1.285B -- a steep discount to Airtable's 2021 peak valuation of over $11B but a premium to recent secondary pricing near $4B.

Amazon Joins the $3 Trillion Club on AI Cloud Demand

BIG TECH$3T market cap

Amazon Joins the $3 Trillion Club on AI Cloud Demand

Amazon crossed a $3 trillion market cap after AWS grew 37% to $42.2B on AI-driven cloud demand, joining Apple, Microsoft, Alphabet and Nvidia in a club it took just over two years to reach from $2 trillion.

BIG TECH$1.94B Q2 revenue

Palantir Revenue Nearly Doubles, Erases Short Bets

Palantir Revenue Nearly Doubles, Erases Short Bets

Palantir's Q2 revenue rose 93% to $1.94B and full-year guidance climbed to at least $8.15B, sending shares up 29% in a single session and wiping out roughly $3B in short-sellers' gains.

The AI Trade Is Splitting Into Two Economies

The AI Trade Is Splitting Into Two Economies

Amazon just crossed $3 trillion and Palantir posted its best quarter ever on real enterprise deployment, while SpaceX's stock and AI pricing power keep getting cheaper -- the money is bifurcating into what's shipped and what's still promised.

BIG TECH$1.94B Q2 revenue

Palantir Posts Blowout Quarter, Revenue Up 93%

Palantir Posts Blowout Quarter, Revenue Up 93%

Palantir's Q2 revenue jumped 93% to $1.94B, with U.S. commercial revenue up 149%, and the company raised full-year guidance well above what Wall Street expected.

BIG TECH$1.94B Q2 revenue

Palantir's Commercial Business Just Tripled Its Bet

Palantir's Commercial Business Just Tripled Its Bet

Palantir posted 93% revenue growth and raised its full-year commercial guidance after U.S. commercial revenue surged 149% -- the clearest evidence yet that enterprise AI deployment, not just government contracts, can carry a real growth story.

Microsoft's Capex Guidance Is a Nvidia Demand Signal

Microsoft's Capex Guidance Is a Nvidia Demand Signal

Microsoft CFO Amy Hood says fiscal 2027 capex will grow year-over-year on 'demand signals across our portfolio,' and Nvidia stock rose 3% on the read-through even before its own August 26 earnings.

BIG TECH$3.06T market cap

Amazon Joins the $3 Trillion Club

Amazon Joins the $3 Trillion Club

Amazon became only the fifth company ever to cross a $3 trillion market cap, driven by an AWS beat that showed cloud growth accelerating rather than plateauing -- a direct rebuttal to the summer's AI-capex skepticism.

Apple Finally Fixed Siri. It Feels Anticlimactic.

Apple Finally Fixed Siri. It Feels Anticlimactic.

Apple's long-promised, genuinely capable Siri AI has arrived in the iOS 27 beta, but reviewers say it lands at a moment when being a competent AI assistant no longer feels like news.

An Apple iCloud Policy Quietly Fueled the OpenAI Leak Suit

An Apple iCloud Policy Quietly Fueled the OpenAI Leak Suit

An Apple iCloud policy reportedly made it easier for departing employees to retain company data, now central to leak allegations underpinning a lawsuit tied to OpenAI.

BIG TECH· Aug 1, 2026

Big Tech's AI Capex Verdict: Discipline Beats Scale

Big Tech's AI Capex Verdict: Discipline Beats Scale

This week's earnings split investors sharply on AI capex: Microsoft's spending got rewarded, Meta's crushed free cash flow and its stock -- the market has stopped treating all AI infrastructure spending as equally good news.

Aug 1, 2026

BIG TECH· Aug 1, 2026

Uber Is Quietly Building an Autonomous Vehicle Empire

Uber Is Quietly Building an Autonomous Vehicle Empire

Uber has stitched together partnerships with more than a dozen self-driving companies -- including Waymo and Wayve -- betting it can win the robotaxi era as an aggregator rather than a manufacturer.

Aug 1, 2026

SpaceX Won't Remove All of xAI's Turbines Until 2027

SpaceX Won't Remove All of xAI's Turbines Until 2027

SpaceX confirmed it will keep running dozens of unpermitted gas turbines powering xAI's Memphis data centers for another year, even as it builds a permanent 1.2-gigawatt gas plant to replace them.

BIG TECH$60.8B Q2 revenue

Meta Tops $60B in Quarterly Revenue, Lifts AI Capex to $145B

Meta Tops $60B in Quarterly Revenue, Lifts AI Capex to $145B

Meta reported second-quarter revenue of $60.8 billion, up 28% year-over-year, and raised the top end of its 2026 AI infrastructure spending range to $145 billion as advertising and large-language-model investment both accelerated.

BIG TECHAMZN +12-14%, AAPL -8-9%

Amazon Surges, Apple Falls as Investors Pick AI Winners

Amazon Surges, Apple Falls as Investors Pick AI Winners

Amazon jumped after AWS posted its fastest cloud growth in 18 quarters while Apple fell on soft guidance and supply constraints, in Tim Cook's final earnings call before handing the CEO role to John Ternus.

Amazon Completes Additional $35B Investment in OpenAI

BIG TECH$35B completed

Amazon Completes Additional $35B Investment in OpenAI

Amazon has funded the remaining $35 billion of its $50 billion OpenAI commitment, a tranche that was contingent on OpenAI hitting an IPO or AGI-linked milestone, deepening Amazon's stake in the AI leader it also competes with through AWS.

BIG TECH$1.8B acquisition

IonQ Completes $1.8B Acquisition of SkyWater Technology

IonQ Completes $1.8B Acquisition of SkyWater Technology

IonQ closed its $1.8 billion cash-and-stock purchase of SkyWater Technology on Friday, creating what it calls the only vertically integrated, full-stack quantum computing company with its own domestic chip foundry.

Aschenbrenner's $45B AI Hedge Fund Forced Into Fire Sale

BIG TECH$45B to ~$10B

Aschenbrenner's $45B AI Hedge Fund Forced Into Fire Sale

Leopold Aschenbrenner's hedge fund was forced to unwind nearly all its public stock positions after leveraged AI-infrastructure bets moved sharply against it, shrinking from roughly $45 billion to about $10 billion in weeks.

Kospi Jumps a Record 18% as Samsung, SK Hynix Soar

BIG TECH+17.9%, record

Kospi Jumps a Record 18% as Samsung, SK Hynix Soar

South Korea's benchmark index posted its largest single-day gain on record after Samsung Electronics and SK Hynix surged on renewed confidence in AI-chip demand, following Microsoft's blowout cloud earnings.

BIG TECH$200.6B rev, AWS +37%

Amazon Tops $200B Revenue as AWS Growth Hits 18-Quarter High

Amazon Tops $200B Revenue as AWS Growth Hits 18-Quarter High

Amazon's Q2 revenue topped $200 billion for the first time, with AWS growing 37% -- its fastest pace in 18 quarters -- as the company raised its 2026 capex outlook to $220 billion.

Microsoft Posts Largest Single-Day Market-Value Gain Ever

BIG TECH+15.5%, +$450B

Microsoft Posts Largest Single-Day Market-Value Gain Ever

Microsoft shares surged more than 15% Thursday, adding roughly $450 billion in market value in a single session -- the largest one-day market-cap gain in stock market history -- after Azure crossed $100 billion in annual revenue and accelerated to 43% growth.

BIG TECH+$450B market cap

Microsoft Adds Record $450B in a Single Trading Day

Microsoft Adds Record $450B in a Single Trading Day

Microsoft shares jumped 16% and added roughly $450 billion in market value on Thursday, the largest single-day gain for any company in market history, after fourth-quarter earnings showed Azure growing 43% year-over-year.

BIG TECH$109.4B rev, EPS $2.02

Apple Beats Estimates for a 13th Straight Quarter

Apple Beats Estimates for a 13th Straight Quarter

Apple beat Wall Street's revenue and profit estimates for a 13th consecutive quarter, posting $109.4 billion in Q3 revenue and EPS of $2.02, up 29% year-over-year, on strong iPhone sales.

Coinbase Revenue Falls 19% in Q2, Renews Circle Deal

BIG TECH$1.2B, -19% YoY

Coinbase Revenue Falls 19% in Q2, Renews Circle Deal

Coinbase reported second-quarter revenue fell 19% to $1.2 billion, its third consecutive quarterly decline, even as the exchange renewed its lucrative USDC revenue-sharing agreement with Circle on existing terms.

SpaceX Wins $1.6B Space Force Launch Contract

BIG TECH$1.6B contract

SpaceX Wins $1.6B Space Force Launch Contract

The Space Force awarded SpaceX $1.6 billion across two task orders to launch 18 Falcon 9 missions carrying missile-tracking satellites, on a two-month acquisition timeline the Pentagon called unprecedented.

BIG TECH$1.65B acquisition

Nscale Buys Anyscale for $1.65B to Own More of AI Stack

Nscale Buys Anyscale for $1.65B to Own More of AI Stack

AI cloud platform Nscale agreed to acquire Anyscale, the commercial steward of the open-source Ray framework, for roughly $1.65 billion, combining Nscale's power and data-center assets with Anyscale's workload orchestration software.

BIG TECH-9.64% AH, $223B wiped

Meta's Record Losing Streak Deepens, Zuckerberg Down $15B

Meta's Record Losing Streak Deepens, Zuckerberg Down $15B

Meta shares extended their longest losing streak on record into Thursday's premarket, tacking a further slide onto a nine-day, $223 billion rout that a mixed Q2 print and a 91% collapse in free cash flow failed to stop.

Chip Rout Goes Global as Kioxia, SoftBank Slide in Asia

Chip Rout Goes Global as Kioxia, SoftBank Slide in Asia

A third day of chip-stock selling spread to Asia, with Kioxia down nearly 8%, SoftBank off more than 6%, and Tokyo Electron down almost 5% after SK Hynix missed second-quarter estimates, even as Samsung posted a record quarter the same morning.

BIG TECH$60.8B Q2 revenue

Meta Beats on Revenue, Misses on EPS as Capex Climbs

Meta Beats on Revenue, Misses on EPS as Capex Climbs

Meta posted $60.8 billion in second-quarter revenue, up 28% and ahead of estimates, but adjusted EPS of $6.18 missed the $7.13 consensus as AI infrastructure costs compressed margins and full-year capex guidance ticked up to $130-145 billion.

BIG TECH$90.01B Q4 revenue

Microsoft's Azure Tops $100B as FY27 Capex Guide Jumps

Microsoft's Azure Tops $100B as FY27 Capex Guide Jumps

Microsoft closed fiscal 2026 with Azure crossing $100 billion in annual revenue for the first time and beat on every headline number, but it's the FY2027 capex guide of $255-260 billion -- up from $190 billion this year -- that's the number Wall Street will be arguing about tomorrow.

Divided Fed Holds Rates as Three Officials Dissent

Divided Fed Holds Rates as Three Officials Dissent

The Federal Reserve held its benchmark rate at 3.5-3.75% in a 9-3 vote, the first policy-level dissent favoring a hike since 2016, as Chair Kevin Warsh called it the 'good family fight' he asked for.

DoorDash Launches Its Own Drone Delivery Fleet

BIG TECHFAA Part 135

DoorDash Launches Its Own Drone Delivery Fleet

DoorDash launched DoorDash Air, its in-house drone delivery program, after securing FAA Part 135 certification to begin commercial operations targeting sub-25-minute deliveries within five miles.

BIG TECH-$1.5T sector value

Chip Stocks Shed $1.5 Trillion in Two-Day Rout

Chip Stocks Shed $1.5 Trillion in Two-Day Rout

The semiconductor selloff deepened Wednesday as SK Hynix fell 14.7% and Samsung dropped 13.4%, extending a rout that has erased roughly $1.5 trillion in sector value since June 25 on fears that AI infrastructure spending is outrunning near-term demand.

SK Hynix Earnings Miss Deepens $1 Trillion Chip Rout

SK Hynix Earnings Miss Deepens $1 Trillion Chip Rout

SK Hynix posted a record quarterly profit that still fell short of Wall Street's AI-fueled expectations, sending its stock down nearly 10% and extending a chip-sector selloff that has now wiped out more than $1 trillion in market value.

Microsoft, Meta Earnings Put Wall Street's AI Patience to the Test

Microsoft, Meta Earnings Put Wall Street's AI Patience to the Test

Microsoft and Meta report Q2 results after the bell Wednesday, the first of the Magnificent Seven to face investors since Apple reclaimed the world's-most-valuable-company crown from Nvidia on the strength of capital discipline rather than AI spending.

Cyera to Acquire Oasis Security for $1 Billion

BIG TECH$1B acquisition

Cyera to Acquire Oasis Security for $1 Billion

Cyera signed a letter of intent to acquire Israeli non-human-identity security startup Oasis Security for roughly $1 billion, the second-largest security deal of 2026 and a direct bet on securing the AI agents flooding enterprise networks.

Meta And BlackRock Partner On $14B El Paso Data Center

Meta And BlackRock Partner On $14B El Paso Data Center

Meta and BlackRock-managed funds formed an $14 billion joint venture to build a Texas data center campus, with BlackRock taking 80% ownership and financing a third of its stake with debt.

Chip Stock Rout Spreads From Seoul to Wall Street, Erases $1T+

Chip Stock Rout Spreads From Seoul to Wall Street, Erases $1T+

A memory-chip selloff that began with a 10.8% Kospi plunge spread into US markets this week, with Micron and AMD down 10-11%, Intel down 8%, and more than $1 trillion wiped from chip-related names in a single session.

PayPal Leaves Door Open To Higher Buyout Offer

BIG TECH$53B+ bid

PayPal Leaves Door Open To Higher Buyout Offer

PayPal CEO Enrique Lores said the company remains 'open and objective' to evaluating acquisition offers after posting a beat-and-raise quarter, following a rejected $53 billion joint bid from Stripe and Advent International.

SK Hynix, Samsung Plunge, Dragging US Chip Stocks

BIG TECH-14.65% SK Hynix

SK Hynix, Samsung Plunge, Dragging US Chip Stocks

SK Hynix fell 14.65% and Samsung dropped more than 13% in Seoul trading Tuesday, with Kioxia down over 18%, as Goldman Sachs warnings on HBM memory pricing dragged Micron, AMD and Intel lower in the US.

Apple And Google Both Blink As RAM Prices Sextuple

BIG TECHRAM up ~6x

Apple And Google Both Blink As RAM Prices Sextuple

Apple launches a Klarna-backed lease-to-own plan Tuesday and Google confirmed Pixel price hikes, as both companies respond to memory costs that jumped sixfold from $2.80 to $12 per gigabyte in a year.

Apple Reclaims Title As World's Most Valuable Company

BIG TECH~$4.94T cap

Apple Reclaims Title As World's Most Valuable Company

Apple's market capitalization climbed past $4.94 trillion Monday, edging ahead of Nvidia's roughly $4.83 trillion, as investors rotated toward companies with more restrained AI capital spending.

Apple Reclaims World's Most Valuable Company From Nvidia

Apple Reclaims World's Most Valuable Company From Nvidia

Apple reclaimed the title of world's most valuable public company on Monday, its market cap reaching roughly $4.94 trillion against Nvidia's $4.83 trillion, as investors rewarded Apple's restraint on AI capital spending.

Nvidia Weighs $250B Guarantee For OpenAI's Ohio Campus

Nvidia Weighs $250B Guarantee For OpenAI's Ohio Campus

Nvidia is negotiating a roughly $250 billion financing guarantee to help OpenAI lease SoftBank's planned 10-gigawatt Ohio data center, on top of a separate $350 billion chip-financing discussion.

TPG in Exclusive Talks to Buy Netrality for Up to $3B

BIG TECHup to $3B

TPG in Exclusive Talks to Buy Netrality for Up to $3B

Private equity firm TPG is in exclusive talks to acquire Macquarie-backed Netrality Data Centers in a deal that could value the carrier-neutral data center operator at up to $3 billion.

Nvidia, OpenAI Weigh $250B Ohio Data Center Backstop

BIG TECH$250B Backstop

Nvidia, OpenAI Weigh $250B Ohio Data Center Backstop

Nvidia is reportedly negotiating a roughly $250 billion backstop for OpenAI's 10-gigawatt Ohio data center lease, plus a separate $350 billion chip-financing discussion, deepening its financial entanglement with its largest customer.

Big Tech's $725B AI Bet Faces Earnings Reckoning

Big Tech's $725B AI Bet Faces Earnings Reckoning

Meta, Microsoft, Amazon and Apple report earnings this week carrying a combined $725 billion 2026 AI capital-spending plan into a market that has grown newly skeptical of unlimited AI infrastructure spending.

BIG TECH$750B AI Deal Spree

Nvidia's $750B AI Deal Spree Revives Circular-Financing Fears

Nvidia's $750B AI Deal Spree Revives Circular-Financing Fears

Nvidia is reportedly assembling more than $750 billion in combined AI infrastructure financing deals, triggering the largest single-day jump on record in the cost of insuring its own debt against default.

SpaceX's Starship Flight 13 Nails First Starlink V3 Deploy

SpaceX's Starship Flight 13 Nails First Starlink V3 Deploy

SpaceX's 13th Starship test flight successfully deployed 20 next-generation Starlink V3 satellites for the first time and relit a Raptor engine in space, with both stages splashing down under control.

BIG TECH-11% Post-Earnings

Intel Beats Earnings by $1.7B, Then Craters 11% on Capex

Intel Beats Earnings by $1.7B, Then Craters 11% on Capex

Intel posted its best revenue growth in over 15 years and doubled EPS estimates, but shares fell 11% Friday as investors focused on a capex hike to more than $20 billion and a warning that 2027 spending goes higher still.

Meta, Microsoft Face Renewed AI-Spending Unease Pre-Earnings

Meta, Microsoft Face Renewed AI-Spending Unease Pre-Earnings

Meta, Microsoft and Amazon face renewed investor anxiety over debt-fueled AI capital spending heading into earnings week, after Alphabet raised its 2026 capex forecast by as much as $15 billion and posted its first-ever negative free cash flow.

Oracle Locks Pentagon Into $7 Billion, 10-Year Software Deal

BIG TECH$7B Contract

Oracle Locks Pentagon Into $7 Billion, 10-Year Software Deal

Oracle signed a 10-year Pentagon contract worth up to $7 billion to standardize on-premises software across the military, intelligence community and Coast Guard, with the CIA as its first customer.

BIG TECHBrent Crude Tops $100

Tesla, Alphabet Selloff Spreads to Asia as Oil Tops $100

Tesla, Alphabet Selloff Spreads to Asia as Oil Tops $100

Tesla's 14.5% crash and Alphabet's 7% capex-fear drop sent Wall Street to its worst session in months, and the rout spread into Asia as Brent crude topped $100 for the first time since May.

BIG TECH-14.5% Stock Drop

BIG TECH· Jul 23, 2026

Tesla Stock Craters 14.5% on Profit Miss, AI Capex Surge

Tesla Stock Craters 14.5% on Profit Miss, AI Capex Surge

Tesla posted record $28.2 billion revenue but missed profit estimates as capex surged 142% to fund Optimus and AI infrastructure, sending shares to an 11-month low.

Jul 23, 2026

BIG TECH· Jul 23, 2026

Google Posts First-Ever Negative Free Cash Flow on AI Spend

BIG TECH-$5.9B FCF

Google Posts First-Ever Negative Free Cash Flow on AI Spend

Alphabet reported negative free cash flow of roughly $5.9 billion in Q2, the first negative quarter in its history as a public company, after capex hit $44.9 billion and 2026 guidance rose to as much as $205 billion.

Jul 23, 2026

BIG TECH· Jul 23, 2026

Alphabet's Record $112B Profit Gets Punished Anyway

BIG TECH$112.1B net profit

Alphabet's Record $112B Profit Gets Punished Anyway

Alphabet posted a record $112.1 billion quarterly profit, up 298% year-over-year and driven largely by gains on its SpaceX and Anthropic stakes, yet shares fell alongside Tesla on capex worries.

Jul 23, 2026

BIG TECH$24.8B Cloud Revenue (+82%)

Google Cloud Soars 82%, Yet Alphabet Stock Sinks on Capex

Google Cloud Soars 82%, Yet Alphabet Stock Sinks on Capex

Alphabet's Q2 2026 results showed Google Cloud revenue up 82% to $24.8 billion and a $514 billion backlog, but investors sent shares lower after the company raised 2026 capex guidance to $195-205 billion.

Meta Cuts 1,400 More Jobs as AI Bet Underdelivers

BIG TECH1,400 Jobs Cut

Meta Cuts 1,400 More Jobs as AI Bet Underdelivers

Meta is cutting 1,400 positions across Washington state starting July 22, the latest round in a restructuring that has already eliminated 8,000 jobs this year as Zuckerberg admits the AI push "hasn't really accelerated" as expected.

OpenAI Commits $30B to Massive Georgia Data Center

BIG TECH$30B Data Center

OpenAI Commits $30B to Massive Georgia Data Center

OpenAI unveiled 'Project Camellia,' a 3.2-gigawatt, 1,400-acre data center campus in Effingham County, Georgia, backed by $30 billion in spending and built in phases through 2032.

BIG TECHUp to $5B Investment

AMD to Invest Up to $5B in Anthropic in Chip Mega-Deal

AMD to Invest Up to $5B in Anthropic in Chip Mega-Deal

AMD agreed to invest up to $5 billion in Anthropic as part of a multi-gigawatt chip deal in which Anthropic will deploy as much as 2 gigawatts of AMD's Instinct MI450 accelerators starting in 2027, a direct challenge to Nvidia's grip on frontier-lab compute.

Altman and Ive's Hardware Bet Now Sits at the Center of OpenAI's Future

Altman and Ive's Hardware Bet Now Sits at the Center of OpenAI's Future

OpenAI's $6.5 billion bet on Jony Ive's io Products, expected to ship its first device in H2 2026, is now the subject of a trade-secrets lawsuit from Apple and the central flashpoint in the fight over what OpenAI becomes next.

Jensen Huang Defends Chinese AI Amid Kimi K3 Panic

Jensen Huang Defends Chinese AI Amid Kimi K3 Panic

Nvidia's Jensen Huang told Axios that Wall Street has misread Kimi K3's threat, arguing cheap, open Chinese models expand demand for chips rather than destroy it, and that 'zero possibility' exists of China running US AI labs off the road.

BIG TECH-24% SOX drawdown

Chip Stocks Enter Bear Market as AI Rally Cracks

Chip Stocks Enter Bear Market as AI Rally Cracks

The Philadelphia Semiconductor Index has fallen 24% from its June record into a confirmed bear market after Moonshot AI's cut-rate Kimi K3 model undercut the thesis that frontier-adjacent AI requires frontier-level compute spend.

BIG TECH$53.4B buyout bid

PayPal's Board Meets Today to Weigh Stripe's $53B Bid

PayPal's Board Meets Today to Weigh Stripe's $53B Bid

PayPal's board is convening as soon as today to weigh a $53 billion buyout offer from Stripe and Advent International at $60.50 a share, a bid that would make Stripe co-owner of the payments company it once tried to disrupt.

BIG TECHAMD +4-5% on deal news

AMD Jumps as Microsoft Bets Azure on Helios Over Nvidia

AMD Jumps as Microsoft Bets Azure on Helios Over Nvidia

Microsoft will deploy AMD's Helios rack-scale AI platform across Azure data centers, an expanded partnership that sent AMD shares up as much as 5% and handed the chipmaker its most direct challenge yet to Nvidia's AI infrastructure dominance.

Samsung Biologics Buys PolyPeptide in $1.8B Cash Deal

BIG TECH$1.8B all-cash

Samsung Biologics Buys PolyPeptide in $1.8B Cash Deal

Samsung Biologics agreed to acquire Switzerland's PolyPeptide Group in an all-cash deal valuing the contract drugmaker's equity at roughly $1.8 billion, extending a wave of large biotech and pharma manufacturing consolidation through 2026.

BIG TECHSOX -20%+ from peak

Moonshot's Kimi K3 Sends Chip Stocks Into a Bear Market

Moonshot's Kimi K3 Sends Chip Stocks Into a Bear Market

China's Moonshot AI unveiled a 2.8-trillion-parameter open-weight model that benchmarks competitively with GPT-5.6 and Claude Fable 5, dragging the Philadelphia Semiconductor Index into a technical bear market and handing Wall Street its worst week in a month.

Apple, Nvidia Battle for Most Valuable Company

BIG TECHMarket-cap race

Apple, Nvidia Battle for Most Valuable Company

Apple and Nvidia are trading blows for the title of world's most valuable public company, a symbolic marker of how completely AI-driven chip demand has reshaped the market-cap hierarchy that Apple's iPhone business once dominated alone.

Amazon Fixes Bug That Billed AWS Customers Billions

Amazon Fixes Bug That Billed AWS Customers Billions

Amazon is fixing a software billing error that generated erroneous invoices showing billions owed by some AWS customers, a stumble landing the same week investors scrutinize execution across AI infrastructure.

AI Chip Trade Wobbles as SoftBank, Asia Semis Slide

AI Chip Trade Wobbles as SoftBank, Asia Semis Slide

A steep global tech selloff hit AI chip stocks hardest, with SoftBank falling over 9% and Asian semiconductor names tracking a Wall Street rout, as investors questioned whether AI infrastructure spending has outrun near-term demand.

Apple Intelligence Clears China Launch With Alibaba's Qwen

Apple Intelligence Clears China Launch With Alibaba's Qwen

Apple won Chinese regulatory approval to launch Apple Intelligence by swapping in Alibaba's Qwen model for on-device and cloud AI features, the clearest sign yet that no foreign AI system -- not even Apple's own -- gets into China without a local partner.

Uber's $14.8B Delivery Hero Deal Doubles Its Reach

BIG TECH$14.8B deal

Uber's $14.8B Delivery Hero Deal Doubles Its Reach

Uber agreed to acquire Delivery Hero's international operations for $14.8 billion in cash, nearly doubling Uber's global delivery footprint across 50 markets while a separate buyer takes 14 additional Delivery Hero markets.

NetApp Buys DataPelago to Make Storage AI-Ready

NetApp Buys DataPelago to Make Storage AI-Ready

NetApp acquired AI-data-infrastructure startup DataPelago to process AI workloads directly at the storage layer, cutting data-prep costs by up to 80% and eliminating the need to copy data into separate compute environments.

Alibaba, Baidu Jump on Reported Apple AI Tie-Up

Alibaba, Baidu Jump on Reported Apple AI Tie-Up

Alibaba and Baidu shares rose sharply in Hong Kong trading on reports that Apple is partnering with Chinese AI providers to power AI features for iPhones sold in China.

BIG TECH$100B new investment

TSMC Adds $100B Arizona Bet After Profit Soars 77%

TSMC Adds $100B Arizona Bet After Profit Soars 77%

TSMC will invest an additional $100 billion in its Arizona chip fabs after quarterly profit jumped 77%, deepening the US buildout underpinning Nvidia, Apple and AMD's leading-edge chip supply.

BIG TECH· Jul 15, 2026

SK Hynix Leads an 8% Asia Tech Stock Rally

BIG TECH+8% on July 15

SK Hynix Leads an 8% Asia Tech Stock Rally

SK Hynix shares jumped roughly 8% on July 15 as Asian tech stocks rallied broadly, extending the memory-chip maker's run since its record US listing earlier this year.

Jul 15, 2026

BIG TECH· Jul 13, 2026

Meta's Louisiana AI Data Center Tops $50 Billion

BIG TECH$50B+ (was $27B)

Meta's Louisiana AI Data Center Tops $50 Billion

Meta confirmed its Richland Parish, Louisiana data center will cost more than $50 billion, up from $27 billion disclosed last October and an original plan of roughly $10 billion -- a fivefold increase in under two years.

Jul 13, 2026

BIG TECH· Jul 13, 2026

Markets Slide as US Strikes Iran, Shuts Hormuz Strait

BIG TECHOil ~$79/bbl

Markets Slide as US Strikes Iran, Shuts Hormuz Strait

US Central Command carried out fresh strikes on Iran after accusing it of attacking a container ship in the Strait of Hormuz, sending Asian markets tumbling and chip stocks sliding as oil pushed toward $79 a barrel.

Jul 13, 2026

BIG TECH· Jul 12, 2026

Why Bitcoin Is Stuck in a Bear Market

Why Bitcoin Is Stuck in a Bear Market

Bitcoin remains mired in a bear market on weak spot demand, ETF outflows and macro caution, but Fortune reports at least one analyst still expects a rebound to $100,000 by year-end.

Jul 12, 2026

BIG TECH· Jul 12, 2026

Tech Workers Are Retiring Early to Avoid AI

Tech Workers Are Retiring Early to Avoid AI

A growing number of tech workers are choosing early retirement rather than adapt to AI-driven workplace changes, Fortune reports, as automation reshapes roles faster than some employees want to manage.

Jul 12, 2026

BIG TECH· Jul 11, 2026

Meta Tests "Super-Sensing" AI Glasses That Record Nonstop

Meta Tests "Super-Sensing" AI Glasses That Record Nonstop

Meta added a safeguard disabling its Ray-Ban AI glasses if the recording LED is tampered with, even as reports say it's testing a prototype that would continuously record audio and photos without necessarily lighting that LED.

Jul 11, 2026

BIG TECH· Jul 11, 2026

Amazon Layoffs Take Their Toll in a Saturated Job Market

Amazon Layoffs Take Their Toll in a Saturated Job Market

Amazon has cut more than 57,000 corporate staffers since 2022, and laid-off workers describe a job market so saturated that a single posting draws 200 to 300 applicants within hours, CNBC reports.

Jul 11, 2026

BIG TECH· Jul 10, 2026

OpenAI Hands Brockman Key Power Ahead of IPO

OpenAI Hands Brockman Key Power Ahead of IPO

OpenAI consolidated ChatGPT, enterprise and compute under president Greg Brockman after Fidji Simo stepped down for health reasons, putting him under pressure to justify the company's IPO valuation.

Jul 10, 2026

BIG TECH· Jul 10, 2026

Meta Stock Notches Best Week Since 2024 on AI Optimism

Meta Stock Notches Best Week Since 2024 on AI Optimism

Meta shares rallied 15% for the week, their best since early 2024, after the company shipped Muse Image and Muse Spark 1.1 and disclosed plans for a custom "Iris" AI chip to double its compute capacity.

Jul 10, 2026

BIG TECH· Jul 10, 2026

OpenAI's No. 2 Executive Fidji Simo Steps Down Over Health Issues

OpenAI's No. 2 Executive Fidji Simo Steps Down Over Health Issues

Fidji Simo, OpenAI's CEO of Applications and Sam Altman's top deputy, is stepping down to a part-time advisor role after a severe flare-up of a chronic illness she's managed for seven years.

Jul 10, 2026

BIG TECH· Jul 9, 2026

OpenAI Says GPT-5.6 Is 'Preferred Model' for Copilot Amid Breakup Talk

OpenAI Says GPT-5.6 Is 'Preferred Model' for Copilot Amid Breakup Talk

OpenAI declared GPT-5.6 the 'preferred model' powering Microsoft 365 Copilot days after Bloomberg reported Microsoft was replacing OpenAI models with its in-house MAI system in Word and Excel.

Jul 9, 2026

BIG TECH· Jul 9, 2026

Musk Praises Anthropic's Mythos, Vows Not to Cut It Off

BIG TECHUndisclosed terms

Musk Praises Anthropic's Mythos, Vows Not to Cut It Off

Elon Musk publicly praised Anthropic's Mythos and Fable models as best-in-class and promised not to cut the company off from SpaceX's compute, walking back a September 2025 prediction that Anthropic could never win.

Jul 9, 2026

BIG TECH· Jul 7, 2026

Zoom to Acquire AI Sales Platform Common Room

Zoom to Acquire AI Sales Platform Common Room

Zoom agreed to acquire AI go-to-market intelligence platform Common Room, folding buyer-intent signals into its Revenue Accelerator product as the video company pushes deeper into AI-driven sales tooling.

Jul 7, 2026

BIG TECH· Jul 7, 2026

Broadcom and Apple Extend Custom Chip Pact Through 2031

BIG TECHMulti-year extension through 2031

Broadcom and Apple Extend Custom Chip Pact Through 2031

Broadcom and Apple agreed on July 7 to extend their custom-silicon partnership through 2031, deepening a relationship that dates to the late 2000s as Broadcom's ASIC business increasingly threatens Nvidia elsewhere.

Jul 7, 2026

BIG TECH· Jul 7, 2026

Forterra's American Autonomous Ground Vehicles Now Fighting in Ukraine

BIG TECH100+ vehicles, 1,100+ missions

Forterra's American Autonomous Ground Vehicles Now Fighting in Ukraine

More than 100 Forterra Lancer ground vehicles have run over 1,100 real combat-logistics missions in Ukraine since October 2025, still mostly under human teleoperation, as the $500M-plus-funded startup pushes toward full autonomy.

Jul 7, 2026

BIG TECH· Jul 6, 2026

Even Banks and Hyperscalers Are Now Warning of an AI Bubble

BIG TECH$700B+ combined hyperscaler capex

Even Banks and Hyperscalers Are Now Warning of an AI Bubble

The Bank for International Settlements has compared AI capex to the dot-com bubble, citing over $700 billion in combined hyperscaler spending this year and Oracle's stock down more than 40% on doubts about its Stargate lease payments.

Jul 6, 2026

BIG TECH· Jul 6, 2026

Microsoft Guts Xbox and Commercial Teams, Cites AI's Pace

BIG TECH~3,200 jobs, 5 studios cut

Microsoft Guts Xbox and Commercial Teams, Cites AI's Pace

Microsoft cut five Xbox studios and roughly 3,200 jobs this week, telling staff the world is 'changing faster than we can keep up,' the clearest sign yet that AI-driven restructuring has reached even the biggest AI winners' most profitable legacy divisions.

Jul 6, 2026

BIG TECH· Jul 6, 2026

Microsoft Guts Commercial, Xbox Teams Citing AI-Era Pace

BIG TECH4,800 roles cut

Microsoft Guts Commercial, Xbox Teams Citing AI-Era Pace

Microsoft cut 4,800 roles on July 6, hitting its commercial sales unit and Xbox division hardest, with HR leadership saying the pace of AI-driven change now outstrips the company's ability to keep up.

Jul 6, 2026

BIG TECH· Jul 4, 2026

Google's AI Boom Drives Record 37% Jump in Power Use

BIG TECH+37% electricity use YoY

Google's AI Boom Drives Record 37% Jump in Power Use

Google's 2026 Environmental Report shows electricity consumption rose 37% year-over-year, its largest annual jump ever, as AI data-center buildout outpaces the company's own grid decarbonization.

Jul 4, 2026

BIG TECH$2.5B / 6,000 employees

Microsoft Commits $2.5B and 6,000 Staff to New AI Deployment Unit

Microsoft Commits $2.5B and 6,000 Staff to New AI Deployment Unit

Microsoft is investing $2.5 billion to launch Frontier Company, a 6,000-person unit that embeds engineers directly with enterprise customers to get AI deployments actually working, following similar moves from Amazon, OpenAI and Anthropic.

BIG TECH480,126 vehicles delivered

Tesla Deliveries Jump 25% to a Record 480,126 Vehicles in Q2 2026

Tesla Deliveries Jump 25% to a Record 480,126 Vehicles in Q2 2026

Tesla delivered 480,126 vehicles in the second quarter of 2026, a company record and a 25% jump from a year earlier, beating even the most bullish Wall Street estimates of roughly 418,000-420,000 by more than 60,000 units, according to Ars Technica and.

BIG TECHEarly-stage, no design contract yet

Anthropic in Early Talks With Samsung on Custom 2nm AI Chip

Anthropic in Early Talks With Samsung on Custom 2nm AI Chip

Anthropic is in preliminary discussions with Samsung to manufacture a custom AI accelerator on Samsung's 2nm process, joining a wave of frontier labs building their own silicon to cut Nvidia dependence.

BIG TECH~700 satellites by July

Amazon Now Has Enough Satellites in Orbit to Launch Its Starlink Competitor

Amazon Now Has Enough Satellites in Orbit to Launch Its Starlink Competitor

Amazon's Project Leo satellite broadband service has crossed the deployment threshold needed for commercial launch, The Verge reported July 2, with roughly 700 production satellites expected in orbit by the end of July after CEO Andy Jassy confirmed a 'mid-2026' launch target. The FCC waived Amazon's original July 30 deadline to have half its 3,232-satellite constellation in orbit, but is penalizing spectrum priority on satellites launched after that date to keep pressure on the rollout.

BIG TECH· Jul 1, 2026

Sony to End Physical PlayStation Game Disc Production Starting 2028

BIG TECHDiscs end 2028

Sony to End Physical PlayStation Game Disc Production Starting 2028

Sony announced on July 1 that it will stop producing physical discs for new PlayStation games starting January 2028, citing that digital purchases already account for 85% of PlayStation game sales. The move doesn't affect games already released or shipping before 2028, but it marks the beginning of the end for physical media on the platform that helped define disc-based console gaming.

Jul 1, 2026

BIG TECH· Jun 30, 2026

Big Tech's 2026 AI Capex Will Hit $725B, up 77% Year-Over-Year

BIG TECH$725B combined

Big Tech's 2026 AI Capex Will Hit $725B, up 77% Year-Over-Year

Alphabet, Amazon, Meta and Microsoft collectively guided to roughly $725 billion in 2026 capital expenditure — up 77% from $410B last year — as the AI infrastructure buildout enters its third and most expensive year. Amazon leads at ~$200B, Microsoft ~$190B, Alphabet $175-185B and Meta $115-135B, according to freshly restated guidance from the four companies' most recent updates.

Jun 30, 2026

BIG TECH· Jun 30, 2026

Nvidia Challenger Etched Hits $5B Valuation on $1B in AI Chip Orders

BIG TECH$5B valuation

Nvidia Challenger Etched Hits $5B Valuation on $1B in AI Chip Orders

Etched, the Harvard-dropout-founded AI chip startup building the transformer-specific Sohu chip, disclosed on June 30 that it has booked more than $1 billion in customer contracts for its 'frontier inference clusters' and sits at a $5 billion valuation following a $500 million round in December. The company says an 8-chip Sohu server can outperform 160 Nvidia H100 GPUs on Llama 70B inference while using less power and space -- a direct challenge to Nvidia's inference dominance from a company that nearly ran out of cash three years ago.

Jun 30, 2026

BIG TECH· Jun 30, 2026

Qualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software

BIG TECH$3.9B

Qualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software

Qualcomm's roughly $3.9 billion acquisition of Modular -- the AI-software company founded by Swift and LLVM creator Chris Lattner -- has handed early backer GV a 27x return on its initial check, the firm's Dave Munichiello revealed this week. The deal is the clearest sign yet that the strategic battleground in AI is shifting from raw silicon to the software layer that makes chips usable, as Qualcomm bets it can challenge Nvidia's CUDA moat by owning the stack that runs models across CPUs, GPUs and AI accelerators.

Jun 30, 2026

Waymo and Uber Quietly End Their Phoenix Robotaxi Partnership

BIG TECHPartnership ends

Waymo and Uber Quietly End Their Phoenix Robotaxi Partnership

Waymo robotaxis are no longer bookable on Uber's app in Phoenix, ending a nearly three-year partnership in the city where the deal began. Both companies framed it as a planned contract expiration -- Waymo has folded the vehicles back into its own Phoenix fleet, available through the Waymo app, while Uber is preparing to name a new autonomous-vehicle partner in the market. The split lands as the two firms prepare to compete head-to-head in London.

BIG TECHTwo-company split

Comcast to Split Into Two Public Companies, Spinning Off NBCUniversal and Sky

Comcast to Split Into Two Public Companies, Spinning Off NBCUniversal and Sky

Comcast announced a tax-free spin-off that will separate NBCUniversal and Sky from its core broadband, wireless and technology business, creating two independent public companies. The move follows January 2026's carve-out of Versant -- the cable networks including CNBC and MS NOW -- and completes a dramatic dismantling of the empire Brian Roberts spent decades assembling. The split is expected to close in about a year.

Rocket Lab to Buy Iridium for $8B, Forging a Fully Vertically Integrated Space Powerhouse

BIG TECH~$8.0B

Rocket Lab to Buy Iridium for $8B, Forging a Fully Vertically Integrated Space Powerhouse

Rocket Lab agreed to acquire satellite-communications operator Iridium Communications in a cash-and-stock deal valuing Iridium at roughly $8.0 billion, or $54 per share. The combination welds Rocket Lab's launch vehicles and satellite manufacturing to Iridium's global L-band constellation, spectrum and 500-plus partner ecosystem -- a bid to become the first company that designs, builds, launches and operates its own networks end to end. Iridium shares jumped about 20% and Rocket Lab rose roughly 9% on the news.

South Korea's Chip Giants Pledge $550B-Plus to End 'RAMageddon'

BIG TECH$550B+

South Korea's Chip Giants Pledge $550B-Plus to End 'RAMageddon'

Samsung, SK Hynix and other South Korean firms committed well over $550 billion toward new memory fabs, HBM packaging and AI data centers to relieve the global memory shortage the industry has dubbed 'RAMageddon.' The plan includes roughly $518 billion for four new memory fabs in the country's southwest and $52 billion for an HBM packaging hub, a national-scale answer to AI's voracious appetite for DRAM.

BIG TECHSenior hardware exit

BIG TECH· Jun 27, 2026

Apple's Vision Pro Chief Paul Meade Is Leaving for OpenAI's Hardware Team

Apple's Vision Pro Chief Paul Meade Is Leaving for OpenAI's Hardware Team

Paul Meade, the Apple vice president who led Vision Pro development and the company's still-unreleased AI smart glasses, is reportedly leaving to join OpenAI's hardware division. The departure follows a reorganization under new Apple CEO John Ternus that left some hardware VPs feeling sidelined, and it hands OpenAI -- already building an AI device with former Apple design chief Jony Ive -- another senior Apple hardware leader.

Jun 27, 2026

BIG TECH60,000 drones by 2029

South Korea Plans to Train Its Entire Military as 'Drone Warriors'

South Korea Plans to Train Its Entire Military as 'Drone Warriors'

South Korea's defense minister unveiled a plan to train the country's roughly 500,000-strong military to operate drones as routinely as personal firearms, calling unmanned systems a battlefield 'gamechanger.' The procurement ramp is steep: about 11,000 training drones by the end of 2026, scaling to 60,000 by 2029, plus more than 20,000 low-cost disposable combat drones by 2030 -- a national bet that the next war is fought with cheap, mass-produced robotics.

FTC Clears Elon Musk to Acquire SpaceX-Alumni Startup Mesh

BIG TECHFTC clearance

FTC Clears Elon Musk to Acquire SpaceX-Alumni Startup Mesh

The Federal Trade Commission has cleared Elon Musk to acquire Mesh, a startup founded by SpaceX alumni, removing the regulatory hurdle for another addition to Musk's sprawling corporate empire. The green light comes as a newly public, cash-rich SpaceX deploys its stock on an acquisition spree, and as antitrust scrutiny of Musk-linked deals draws fresh attention.

OpenAI, SpaceX and the Scramble to Build Custom AI Chips -- and Escape Nvidia

BIG TECHCustom silicon

OpenAI, SpaceX and the Scramble to Build Custom AI Chips -- and Escape Nvidia

From OpenAI to SpaceX, the most compute-hungry companies in tech are now designing their own silicon, intensifying pressure on Nvidia's dominance of AI hardware. OpenAI recently unveiled its first custom chip built with Broadcom, and the broader move toward in-house accelerators reflects a strategic push to cut costs, secure supply, and avoid paying Nvidia's margins on every training run and inference call.

FTC Clears Musk to Acquire Mesh, the SpaceX-Alumni Optical-Interconnect Startup

BIG TECHMesh acquisition

FTC Clears Musk to Acquire Mesh, the SpaceX-Alumni Optical-Interconnect Startup

The FTC expedited its antitrust review and cleared Elon Musk to acquire Mesh Optical Technologies, a startup founded by three former SpaceX engineers that builds high-speed optical transceivers for data-center communications. Mesh emerged from stealth in February with a $50M Series A led by Thrive Capital; the acquisition slots directly into Musk's push to make his AI data centers faster and more energy-efficient.

BIG TECH$13B / $48B total

BIG TECH· Jun 25, 2026

IBM Debuts the World's First Sub-1-Nanometer Chip Technology at the 0.7nm Node

BIG TECH0.7nm node

IBM Debuts the World's First Sub-1-Nanometer Chip Technology at the 0.7nm Node

IBM unveiled what it calls the world's first sub-1-nanometer chip technology -- a new transistor architecture at the 0.7nm (7-angstrom) node that packs nearly 100 billion transistors onto a fingernail-sized chip. The breakthrough, built on IBM's 3D nanostack architecture, promises up to 50% higher performance or 70% greater energy efficiency versus its 2nm chips, with a path to production within five years.

Jun 25, 2026

BIG TECH· Jun 25, 2026

Amazon Commits Another $13B to India for AI and Cloud, Pushing Its Bet to $48B by 2030

Amazon Commits Another $13B to India for AI and Cloud, Pushing Its Bet to $48B by 2030

Amazon CEO Andy Jassy, meeting Prime Minister Narendra Modi in New Delhi, announced an additional $13 billion investment in India for AI and cloud infrastructure by 2030, lifting Amazon's total committed India spend to about $48 billion -- more than $21 billion of it earmarked for AI and cloud. The money expands AWS data-center capacity in Mumbai and Hyderabad as the hyperscalers race to own the infrastructure layer of the world's fastest-growing internet market.

Jun 25, 2026

BIG TECH· Jun 25, 2026

SpaceX Acquires AI Coding Startup Cursor for $60B in the Year's Largest Startup M&A Deal

BIG TECH$60B

SpaceX Acquires AI Coding Startup Cursor for $60B in the Year's Largest Startup M&A Deal

SpaceX, fresh off its record IPO, formalized a $60 billion all-stock acquisition of Anysphere, the company behind the AI coding tool Cursor -- the biggest venture-backed startup M&A deal of 2026. The purchase, exercised from an option SpaceX took in April, hands Elon Musk's rocket maker a foothold in enterprise software development and delivers a generational return to Cursor's backers, including a16z, Thrive and Coatue.

Jun 25, 2026

BIG TECH· Jun 24, 2026

Cerebras Plunges ~20% in Its First Earnings as a Public Company on a Margin Scare

BIG TECH~-20% stock drop

Cerebras Plunges ~20% in Its First Earnings as a Public Company on a Margin Scare

Cerebras shares fell roughly 20% -- back near their IPO price -- after the AI-chip maker's first earnings report as a public company spooked investors with a soft gross-margin outlook, even as it beat on revenue. CEO Andrew Feldman said the market 'misunderstood' the guidance, which reflects a temporary plan to lease back systems while it builds its own data centers.

Jun 24, 2026

BIG TECH· Jun 24, 2026

Qualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat

BIG TECH$3.92B

Qualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat

Qualcomm agreed on June 24 to acquire Modular, the AI-infrastructure company founded by Chris Lattner (LLVM, Swift), in an all-stock deal valued near $4 billion — its largest ever. The play: use Modular's MAX platform to run AI models across Qualcomm silicon without hand-tuning code for each chip, directly attacking the software stack that has cemented Nvidia's data-center dominance.

Jun 24, 2026

BIG TECH· Jun 24, 2026

Qualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat

BIG TECH~$3.9B

Qualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat

Qualcomm agreed to acquire Modular -- the startup behind the Mojo programming language and MAX AI platform -- in an all-stock deal worth roughly $3.9 billion. The bet is that the way to break Nvidia's dominance isn't a faster chip but an open software layer that lets AI models run efficiently across any hardware, directly challenging the CUDA lock-in.

Jun 24, 2026

BIG TECH· Jun 23, 2026

Mark Zuckerberg Wants Meta to Launch Its Own Prediction Market

BIG TECHNew product push

Mark Zuckerberg Wants Meta to Launch Its Own Prediction Market

Mark Zuckerberg is pushing Meta to build its own prediction market, according to TechCrunch, betting that the booming category -- popularized by Polymarket and Kalshi -- belongs inside Meta's social and advertising machine. The move would thrust Meta into a fast-growing but heavily scrutinized corner of online finance.

Jun 23, 2026

BIG TECH· Jun 23, 2026

Oracle Cuts 21,000 Jobs to Help Fund Its Debt-Fueled AI Data Center Buildout

BIG TECH21,000 jobs cut

Oracle Cuts 21,000 Jobs to Help Fund Its Debt-Fueled AI Data Center Buildout

Oracle has laid off roughly 21,000 workers as it pours borrowed money into a massive AI data center expansion, according to Ars Technica. The juxtaposition -- deep headcount cuts alongside an aggressive, debt-financed compute buildout -- captures how far legacy software firms are stretching to stay relevant in the AI infrastructure race.

Jun 23, 2026

BIG TECHGas-powered megasite

Microsoft and Chevron Plan One of the Largest Gas-Powered Data Centers in the US

Microsoft and Chevron Plan One of the Largest Gas-Powered Data Centers in the US

Microsoft and Chevron are teaming up to build one of the largest natural-gas-powered data center projects in the country, pairing on-site gas generation with AI compute to sidestep strained electric grids. The deal is the clearest sign yet that power -- not chips -- is now the binding constraint on AI expansion.

GM Installs Robots at Flagship EV Factory After Laying Off 1,300 Workers

BIG TECH1,300 jobs cut

GM Installs Robots at Flagship EV Factory After Laying Off 1,300 Workers

General Motors is installing robots at its flagship EV factory shortly after laying off roughly 1,300 workers, according to Ars Technica. The juxtaposition crystallizes the automation-versus-jobs tension as carmakers automate production amid soft EV demand.

Lucid's New CEO Cuts 18% of Staff -- 1,500 Jobs -- in Its Second Deep Cut This Year

BIG TECH1,500 jobs cut

Lucid's New CEO Cuts 18% of Staff -- 1,500 Jobs -- in Its Second Deep Cut This Year

EV maker Lucid Motors is laying off about 1,500 employees, roughly 18% of its workforce, just four months after cutting 12% of staff. It is the first major move by new CEO Silvio Napoli, who formally took the role on June 1, and includes eliminating the second production shift at the Arizona factory to align output with demand.

Meta Names CRED Founder Kunal Shah to Run WhatsApp -- and Puts $900M Into His Startup

BIG TECH$900M investment

Meta Names CRED Founder Kunal Shah to Run WhatsApp -- and Puts $900M Into His Startup

Meta has appointed Kunal Shah, founder of Indian fintech CRED, as the new head of WhatsApp, replacing Will Cathcart after nearly seven years. Alongside the hire, Meta led a $900 million round in CRED at roughly a $4.5 billion post-money valuation -- a striking bet on India, WhatsApp's single largest market with over 500 million users.

BIG TECHPaid-influencer scandal

BIG TECH· Jun 21, 2026

Polymarket Reportedly Paid Creators to Post Deceptive Videos of Fake Bets

Polymarket Reportedly Paid Creators to Post Deceptive Videos of Fake Bets

Prediction-market platform Polymarket reportedly paid online creators to post viral videos depicting fake bets and exaggerated payouts, according to reporting surfaced by TechCrunch and The Verge. The revelation lands as Polymarket pushes into the US mainstream, raising fresh questions about how much of the prediction-market hype is organic versus manufactured.

Jun 21, 2026

BIG TECH· Jun 21, 2026

SpaceX to Acquire Cursor for $60B in Stock -- the Largest Buyout of a Venture-Backed Startup Ever

BIG TECH$60B

SpaceX to Acquire Cursor for $60B in Stock -- the Largest Buyout of a Venture-Backed Startup Ever

Days after the largest IPO in history, SpaceX agreed to acquire AI coding company Cursor (Anysphere) in a $60 billion all-stock deal -- the biggest acquisition of a venture-backed startup on record. Cursor, last valued around $29 billion and reportedly raising at $50 billion, will be folded into Musk's AI effort to challenge OpenAI and Anthropic in code, with the deal expected to close in Q3 2026.

Jun 21, 2026

BIG TECH· Jun 21, 2026

A New Robotaxi Scorecard Shows China's Dominance in Autonomous Ride-Hailing

BIG TECHChina leads AV race

A New Robotaxi Scorecard Shows China's Dominance in Autonomous Ride-Hailing

A new industry scorecard tracking global robotaxi deployment puts Chinese operators clearly out front on scale, cities covered and rides delivered, according to TechCrunch's Mobility report. As US players like Waymo expand methodically, the data suggests China's combination of permissive rollout and domestic competition is compounding into a real lead.

Jun 21, 2026

BIG TECH· Jun 20, 2026

Adobe Embeds Agentic AI Across Creative Cloud, Pivoting From Media Generation to Production Orchestration

BIG TECHAgentic Creative Cloud

Adobe Embeds Agentic AI Across Creative Cloud, Pivoting From Media Generation to Production Orchestration

Adobe is wiring agentic AI workflows across Creative Cloud, shifting its pitch from one-shot media generation to orchestrating entire multi-step creative production pipelines. It's the clearest sign yet that the incumbent software giants intend to own the agent layer on top of their existing tools rather than cede it to startups.

Jun 20, 2026

BIG TECH· Jun 19, 2026

NASA Picks Eric Schmidt's Relativity Space for a 2028 Mars Mission, Setting Up a Race With SpaceX

BIG TECH2028 Mars mission

NASA Picks Eric Schmidt's Relativity Space for a 2028 Mars Mission, Setting Up a Race With SpaceX

NASA selected Relativity Space -- the rocket company Eric Schmidt took over and now runs as CEO -- to build and fly the Aeolus orbiter to Mars in 2028, funded by an unnamed philanthropic backer. It's an audacious bet on an unproven launcher and, if it works, could make Relativity the first private mission to reach the Red Planet.

Jun 19, 2026

BIG TECH· Jun 19, 2026

Ambani Wants AI in Every Call, App, and Home as Reliance Bids to Make India an AI Hub

Ambani Wants AI in Every Call, App, and Home as Reliance Bids to Make India an AI Hub

At Reliance's annual shareholder meeting, Mukesh Ambani laid out a sweeping plan to wire AI into Indian life -- a Jio Call Agent for phone calls, a Jio Teleframe home OS run by AI agents, and a renewable-powered AI data center in Jamnagar -- in a bid to reduce India's dependence on US and Chinese technology.

Jun 19, 2026

BIG TECH· Jun 19, 2026

Hyundai Takes Full Control of Boston Dynamics, Buying Out SoftBank for $325M

BIG TECH$325M

Hyundai Takes Full Control of Boston Dynamics, Buying Out SoftBank for $325M

Hyundai Motor Group is buying SoftBank's remaining ~9.65% stake in Boston Dynamics for $325 million, completing its takeover of the Waltham, Massachusetts robotics company and turning it into a wholly owned subsidiary. The move closes out the put option SoftBank retained when Hyundai bought 80% control in 2021, and hands the automaker undivided ownership of the world's most famous humanoid-robotics brand just as physical AI becomes a venture and corporate obsession.

Jun 19, 2026

BIG TECH· Jun 18, 2026

Adobe Embeds Agentic AI Across Creative Cloud, Shifting From Generation to Production