U.S. equity markets faced significant downward pressure Monday as technology and AI-related stocks led a broad sell-off, exacerbated by rising oil prices and hawkish signals from the Federal Reserve. According to CNBC’s Investing Club, the Nasdaq composite fell nearly 1.5% as investors reacted to escalating tensions in the Strait of Hormuz and potential shifts in … Read more
SK Hynix shares fell more than 10% in Seoul following the memory-chip maker’s U.S. market debut, as investors moved to lock in profits and reassess valuations. The decline reflects a broader market attempt to reconcile the company’s domestic stock price with its new U.S.-listed ADR, according to analysts at Yuanta Securities and Rayliant Global Advisors. … Read more
Elon Musk and Sam Altman have escalated their long-standing public rivalry, trading insults on X as both tech leaders push toward competing milestones in artificial intelligence and space infrastructure. The conflict, which originated from their shared history as founders of OpenAI in 2015, has intensified following legal battles and the recent release of advanced AI … Read more
Goldman Sachs has identified Zhipu, DeepSeek, and ByteDance as its preferred Chinese artificial intelligence models, according to a research report released by the investment bank on Friday. While Zhipu is the only publicly traded company among the three, analysts emphasize that all three firms are demonstrating “near-frontier” performance that challenges global proprietary models in key … Read more
Apple Inc. has filed a federal lawsuit in Northern California against OpenAI, alleging the artificial intelligence lab engaged in systematic trade secret theft to bolster its own consumer hardware initiatives. The complaint, which names OpenAI and former Apple executive Tang Tan as defendants, claims the AI firm illicitly acquired intellectual property through aggressive hiring practices … Read more
The artificial intelligence industry is shifting from a focus on massive, general-purpose models toward specialized “orchestration” systems, according to industry leaders. Rather than relying on a single, expensive frontier model, enterprises are increasingly routing tasks to a mix of open-weight and proprietary models based on cost, data requirements, and specific performance needs. This transition marks … Read more
Shopify is positioned for a potential recovery as the rise of “agentic commerce”—the use of AI-powered bots to automate purchasing—begins to scale, according to an investment note from Stifel. The firm upgraded Shopify stock to buy from hold, raising its price target to $150 from $110, citing consistent growth in gross merchandise value (GMV) and … Read more
Elon Musk recently postponed a scheduled interview with CNBC’s Julia Boorstin, where he was expected to discuss Tesla, a historic SpaceX initial public offering, and the launch of the company's latest Grok artificial intelligence model. Tesla’s Production and Delivery Performance Tesla reported 480,126 vehicle deliveries during the second quarter, exceeding the 406,600 deliveries analysts had … Read more
President Donald Trump announced Friday that he will not sign the 21st Century ROAD to Housing Act, a bipartisan housing affordability bill passed by Congress last month. The president is withholding his signature in protest of the U.S. Senate’s failure to pass the SAVE America Act, a legislative measure intended to restrict non-citizen voting. Despite … Read more
Ukrainian drone strikes on Russian oil refineries and fuel transport ships have triggered domestic gasoline shortages across Russia, forcing long queues at petrol stations. According to reports from CNBC and regional observers, these targeted attacks on energy infrastructure—ranging from facilities in Moscow and St. Petersburg to refineries as far as Omsk—are straining the Kremlin’s fuel … Read more