News
Market news, earnings recaps, and daily moves in AI and semiconductor stocks.
Meta (META) is asking TikTok and YouTube to copy its teen limits. Saying yes costs Meta another $5.3 billion.
Meta ran full-page ads in three national papers urging TikTok and YouTube to adopt the teen limits from its settlement. If the rivals comply, Meta pays the states another $5.3 billion, and New York's payout nearly doubles.
China's top DRAM maker ChangXin (CXMT) lost money a year ago. It just earned $10.8 billion in six months
China's largest DRAM maker reported 150.31 billion yuan ($22.4 billion) in first-half revenue, up 873.6%, with profit 36% above its own IPO forecast.
NBA star Kevin Durant put $250,000 into Hugging Face. Nvidia's (NVDA) reported deal makes it worth about $60 million.
Nvidia (NVDA) is buying Hugging Face for $12.9 billion, with $11.9 billion of it payable to stockholders, and NBA star Kevin Durant's $250,000 early stake may be worth tens of millions. His firm also got into Coinbase at a $1.6 billion valuation and Whoop at $125 million.
Washington is reportedly drafting a rule to stop Chinese AI firms from renting Nvidia (NVDA) chips overseas
The Commerce Department is preparing a rule that would stop Chinese AI companies from remotely using advanced U.S. chips housed in data centers in Thailand, Singapore, and other countries, The Information reported Friday. A draft could go to AI companies in September.
Citadel Securities made a record $7.3 billion last quarter. Jane Street lost $15 billion in July.
Bloomberg reports the market maker more than tripled its second-quarter trading revenue to $7.3 billion, with net income up more than 250%. Jane Street still crossed $40 billion for the year despite a $15 billion July loss tied to Situational Awareness.
Simmtech makes 70% of the boards under Nvidia's new memory modules. The stock rose 12.6% after Nvidia's earnings.
Simmtech, a substrate maker from Cheongju, closed up 12.60% after Nvidia's results and is up 27.3% in a week. It makes about 70% of the substrates for SOCAMM, the memory module in Nvidia's AI servers.
Marvell (MRVL) now sees $18 billion in revenue by fiscal 2028, and that already includes the Google deal
Marvell reported record second-quarter revenue of $2.739 billion, up 37%, and CEO Matt Murphy raised the outlook on the call to about $12 billion for fiscal 2027 and $18 billion for fiscal 2028. Revenue tied to the Google warrant deal is already in those numbers.
Trump praised Micron (MU) again. The stock rose for two minutes (August 27, 2026)
Trump's third Micron post since July landed at 2:31 p.m. Thursday. The stock rose for two minutes, gave it back, and closed the day down 0.3%. The first two posts were followed by drops of 10.6% and 4.3%.
Sivers Semiconductors (SIVEF) posted a negative gross margin and never explained it
Sivers Semiconductors booked Q2 net sales of SEK 53.8 million against SEK 73.4 million of cost of goods sold, and the report never discusses the gap. Its two pipeline disclosures imply different starting points. The US line fell about 14% while Stockholm closed before the report landed.
SK Hynix (SKHY) breaks ground on $4 billion Indiana HBM plant as production slips to 2029
SK Hynix broke ground Thursday on its first US plant, an advanced packaging site for AI memory in West Lafayette, Indiana. The company now targets mass production in the second half of 2029. Its CHIPS Act award said 2028.
Meta (META) could spend $10 billion a year on Anthropic even after restricting its own engineers from using its tools
Meta is one of Anthropic's largest customers and is spending hundreds of millions a month on its tools, the New York Times reported, two months after Meta limited engineers from using Claude Code.
Wolfe Research named Alphabet (GOOGL) a top 2027 pick and sees cloud platform revenue up 125%
Wolfe Research named Alphabet (GOOGL) a top pick for 2027, kept its $460 price target and raised its 2027 estimates. Its third-quarter cloud platform number runs far above the Street.
Meta (META) eyes $720 million South Korea bond sale to fund AI spending
Meta is quietly testing South Korea's bond market. It's looking at selling at least 1 trillion won ($720M) of won bonds to help fund AI, which would put a rare big foreign name in the Arirang market.
Dataminr landed a government contract with the Air Force. Is an IPO next?
Dataminr won an Air Force contract worth up to $317.8 million for AI alerting built on public data. The intelligence firm is still private, with no IPO on file. Here is where things stand.
Ameresco (AMRC) insiders bought more stock at $21, two weeks after buying at $25
Founder-CEO George Sakellaris and three Ameresco directors bought about $559,000 of AMRC stock near $21, about 15 percent below the same insiders' early-August buys near $25.
Kioxia plans a $6.3 billion new memory plant in Japan, Nikkei reports
Nikkei says Kioxia plans to invest about $6.3 billion in a new memory plant in Japan for AI data-center demand. There is no US Kioxia ticker; Sandisk (SNDK), Western Digital and Micron are the proxies.
Evercore keeps Meta (META) at Outperform with an $860 target after the $18 billion settlement
Meta settled the teen-safety cases for up to $18 billion, and Evercore ISI says that clears one of the stock's two overhangs. The bigger one, capex, is still parked right over the stock.
Anthropic is reportedly leasing an Nscale data center in West Virginia for $45 billion
Financial news wires report Anthropic will lease an Nscale data center in West Virginia for $45 billion, taking 460 megawatts, as Nscale is expected to spend about $71 billion to develop the site. Here is what is confirmed and who benefits.
Applied Optoelectronics (AAOI) is doubling down on making its own lasers. A new Texas equipment deal is the proof.
AOI just gave Dutch supplier Trymax a multi-year equipment order to expand its in-house InP laser chip production in Texas. Here is why owning the laser supply matters, and the dilution paying for it.
Dunamu, which owns Korea's biggest crypto exchange Upbit, is preparing an IPO, and the early signs point abroad.
Dunamu, which runs Korea's biggest crypto exchange Upbit, is preparing an IPO after a stock swap with Naver Financial. It is reviewing US accounting rules, and a Seoul listing would run into the duplicate-listing rule Korea just tightened.
Meta (META) settled the states' teen-safety case for up to $18 billion. A $10 billion charge hits Q3.
Meta settled the states' teen-safety lawsuit mid-trial for up to $18 billion over 10 years, about $12.7 billion to states plus $5.3 billion contingent on TikTok and YouTube adopting the same limits. It will record a $10 billion legal charge in Q3 and left its July guidance unchanged.
Sivers Semiconductors (SIVEF) reports Q2 Thursday. The market is watching photonics, not the numbers.
Sivers reports Q2 2026 after the Stockholm close on August 27. For a company at this stage, the market is underwriting the photonics business and whether co-developments with GlobalFoundries and Jabil turn into volume, not the quarter's loss, which carries a SEK 42.9 million non-cash charge. A July raise near SEK 700 million cleared the near-term funding overhang.
China's YMTC is raising $4.9 billion to chase Samsung and SK Hynix in NAND. It just passed Kioxia to become the world's third-largest producer
China's top NAND maker YMTC filed to raise about $4.9 billion and just passed Kioxia into third place in the market. The threat to Samsung and SK Hynix is real, but it sits in the cheaper part of the memory business.
China's Moonshot wants up to 30% of the revenue to put its Kimi K3 model on Azure, AWS and Google Cloud
Reuters reports the Chinese startup is negotiating to host Kimi K3 on Azure, AWS and Google Cloud, and wants up to 30% of the revenue. It would be the first big China AI-US cloud revenue-share deal.