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Today: July 08, 2026
Today: July 08, 2026

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China plans to let top AI firms buy limited Nvidia H200 chips, the Information reports

China is planning to allow the country's top AI companies to buy a limited number of Nvidia's H200 chips, the Information reported on Wednesday, citing two people with direct

China plans to let top AI firms buy limited Nvidia H200 chips, the Information reports
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China's DeepSeek developing its own AI chip, sources say

Chinese startup DeepSeek is developing its own AI chip, according to three people familiar with the matter, a push that could reduce its reliance on Nvidia and Huawei chips, which

China's DeepSeek developing its own AI chip, sources say
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Nasdaq sinks as AI worries hit chipmakers

The Nasdaq ended sharply lower on Tuesday, weighed down by losses in Micron Technology and other chipmakers due to mounting doubts about the

Nasdaq sinks as AI worries hit chipmakers
Business|Economy|Finance|Stock Markets|Technology

What's good for the US economy now may not be good for stocks

The U.S. economy and the U.S. stock market are starting to go their own ways. 

What's good for the US economy now may not be good for stocks
Business|Economy|Science|Technology

Qualcomm forecasts $15 billion data center chip sales by 2029, shares soar

Qualcomm said it expects to generate $15 billion in sales from its data center business by 2029 as it moves beyond its core smartphone chips,

Qualcomm forecasts $15 billion data center chip sales by 2029, shares soar
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OpenAI just announced its first custom chip to help ChatGPT run better

OpenAI just announced its first custom chip to help ChatGPT run better

OpenAI just announced its first custom chip to help ChatGPT run better
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Cerebras sinks 14% as full-year margin forecast disappoints

Cerebras shares tumbled about 14% on Wednesday after the chip designer warned that annual profit margins would undershoot first-quarter figures in its debut earnings following a

Cerebras sinks 14% as full-year margin forecast disappoints
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Qualcomm in talks to provide custom chip-design services to ByteDance, sources say

Qualcomm is in talks to provide chip-design services to China's ByteDance, four people familiar with the matter said, as the U.S. company seeks to reduce dependence on the

Qualcomm in talks to provide custom chip-design services to ByteDance, sources say
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Taiwan's ASE says it is expanding capacity to support AI demand

Taiwan's ASE Technology Holding, the world's largest chip packaging ​and testing provider, is expanding capacity to meet AI demand, Chief

Taiwan's ASE says it is expanding capacity to support AI demand
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How SK Hynix's bet on a niche memory chip made it more valuable than Samsung

SK Hynix's overtaking of Samsung Electronics to become South Korea's most valuable firm was the culmination of 14 years of bets that brought

How SK Hynix's bet on a niche memory chip made it more valuable than Samsung
Business|Economy|Technology

Upscale AI valued at $2 billion after funding extension

AI networking infrastructure firm Upscale AI said on Monday it had raised a $190 million extension to its early-stage funding round, bringing its valuation to $2 billion.

Upscale AI valued at $2 billion after funding extension
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Elon Musk-led SpaceX's first week as a public company sparks market mania

SpaceX's record-breaking IPO fueled a trading frenzy in its first week as a public company, with its shares surging as retail investors and options traders rushed to bet on the

Elon Musk-led SpaceX's first week as a public company sparks market mania
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SpaceX options debut pulls record demand as investors chase rocket stock

Trading in SpaceX options kicked off with record volume and bullish activity dominating on Tuesday, underscoring strong investor

SpaceX options debut pulls record demand as investors chase rocket stock
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Nvidia's Huang pledges AI will boost manufacturing jobs. A test will come in Texas

Nvidia is betting on artificial intelligence to revive U.S. manufacturing

Nvidia's Huang pledges AI will boost manufacturing jobs. A test will come in Texas
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Nvidia to raise $25 billion in first corporate bond sale in five years

Nvidia said on Monday it would raise $25 billion through a U.S. bond issuance, as it taps the debt market to increase liquidity

Nvidia to raise $25 billion in first corporate bond sale in five years
Business|Science|Technology

ByteDance in talks with China's Iluvatar CoreX to purchase AI chips, sources say

Chinese technology company ByteDance is in talks with Shanghai-based Iluvatar CoreX to purchase AI chips for inference work and is also considering a similar deal with

ByteDance in talks with China's Iluvatar CoreX to purchase AI chips, sources say
Business|Technology

Nvidia hires veteran lobbyist Bruce Andrews to head government affairs

By Max A.

Nvidia hires veteran lobbyist Bruce Andrews to head government affairs
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Wall Street indexes jump, Trump says strikes against Iran canceled

U.S. stocks ended sharply higher on Thursday, with indexes extending gains after U.S.

Wall Street indexes jump, Trump says strikes against Iran canceled
Business|Economy|Finance|Science|Technology

KKR launches $10 billion AI infrastructure company with Nvidia, Vistra

A KKR-led group on Thursday launched a new company with more than $10 billion in committed capital to finance the build-out of AI infrastructure, the latest effort by an

KKR launches $10 billion AI infrastructure company with Nvidia, Vistra
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AI boom sparks rally, frenzy and fear

An AI boom has driven stock markets to record highs, big tech firms are piling hundreds of billions of dollars into new tech,

AI boom sparks rally, frenzy and fear
Business|Economy|Environment|Technology

OpenAI weighs leasing Ohio data center with Nvidia backing, The Information reports (June 9)

OpenAI is in talks to lease a proposed 10-gigawatt data center campus on federal and private land in Ohio, in a deal that could include financial backing from Nvidia, The

OpenAI weighs leasing Ohio data center with Nvidia backing, The Information reports (June 9)
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China prepares $295 billion plan to fund nationwide AI buildout, Bloomberg News reports

China is preparing to spend around 2 trillion yuan ($295.43 billion) over the next five years on building data centers across the country, Bloomberg News reported on Tuesday, as

China prepares $295 billion plan to fund nationwide AI buildout, Bloomberg News reports
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S&P 500, Nasdaq rise as tech, chipmakers rebound

U.S. stocks ended mostly higher on Monday, led by gains in the Nasdaq and chipmakers as investors sought bargains after Friday's sharp

S&P 500, Nasdaq rise as tech, chipmakers rebound
Business|Economy|Finance|Science|Stock Markets|Technology

Alphabet taps Intel to make three million in-house chips, The Information reports

Alphabet's Google has placed an order with Intel to manufacture more than three million tensor processing units in 2028, The Information reported on Monday, citing people with

Alphabet taps Intel to make three million in-house chips, The Information reports