News
Market news, earnings recaps, and daily moves in AI and semiconductor stocks.
Jim Cramer's tech calls, like Micron and Intel, are missing far more than everything else
We pulled 23 of Jim Cramer's stock calls from late April through early July and checked the real numbers. His tech picks are down 7.2% on average with just 1 winner out of 10. His other calls are roughly flat, and just under half are green.
SK Hynix priced its Nasdaq debut 3.1% above Seoul, after demand ran 7 times oversubscribed.
SK Hynix guided its Nasdaq ADR offering to $149 each, a 3.1% premium to Seoul's close, after the book ran more than 7 times oversubscribed. Here's the math behind the premium and who anchored the deal.
Chip stocks just had their best day in weeks. Meta and Amazon are both betting billions that AI compute demand isn't topping out (MU, WDC, META)
Micron, SanDisk, and Western Digital are having their best day in weeks. A week after a rumor said Meta had too much AI compute, Meta and Amazon both bet billions that demand is still growing, and Samsung's own record quarter couldn't shake investors until this week's data center news did.
Meta said it had spare compute. Then it broke ground on a $9 billion data center in Canada (META, CRWV, NBIS)
A week after Meta's excess-compute cloud plan crushed the neoclouds, it broke ground on a C$13 billion, 1-gigawatt data center in Alberta, Canada. The demand is real.
China called Claude Code a security backdoor. Here's what it means for Anthropic's trillion-dollar IPO.
China's National Vulnerability Database called Anthropic's Claude Code a security backdoor, and Alibaba banned it. Amazon and Google's stakes in Anthropic already drive over half their quarterly profits, with a trillion-dollar IPO on the way.
The Nasdaq fell 8% when this war started, then blew past its old record high.
Iran escalated again today, and the Nasdaq is only down about 0.8%. This same war already showed the pattern once: an 8% drop in March, then a genuine record high by June.
Wall Street used to move the Kospi. This week, the Kospi moved Wall Street.
South Korea's Kospi tumbled into a bear market this week. Its relationship with Wall Street isn't a one-way street. It runs both directions, depending on where the shock starts.
TeraWulf, CoreWeave, and Nebius are having a big day. The stocks still mostly mining bitcoin are not.
TeraWulf, Nebius, IREN, CoreWeave, and five other AI infrastructure stocks are surging together Wednesday, while HIVE Digital and CleanSpark, the two names still mostly mining bitcoin, are red. The split isn't random.
Penguin Solutions (PENG) beat by 53%, dropped overnight on Iran news, then exploded 21% this morning
Penguin Solutions crushed Q3 earnings Tuesday night, then the stock faded, dropped below its pre-earnings price overnight as Iran ceasefire news hit futures market-wide, and finally broke out once regular trading opened Wednesday.
Oil spikes and stocks slide after new US strikes on Iran, but Nasdaq futures are already clawing back
New US strikes on Iran sent oil surging and helped drag the Dow, S&P 500 and Nasdaq lower on top of a Samsung-driven chip selloff. Hours later, Nasdaq futures were already recovering some of the loss.
IBM (IBM) is up almost 12% this week while chip stocks get hit. Here's why.
IBM has closed higher four straight sessions and is up again today, even as Samsung's earnings reaction and a broader chip selloff hit Micron, SanDisk, and Penguin Solutions. A BofA upgrade, a quantum computing milestone, and a new mainframe launch all landed within 48 hours.
Penguin Solutions (PENG) beat earnings for a seventh straight quarter and raised its outlook
Penguin Solutions (PENG) beat earnings for a seventh straight quarter, posting record $479 million in sales and $0.84 EPS, and raised its full-year outlook again. Shares fell in the regular session before jumping in after-hours trading on the beat.
SK Hynix's $28 billion Nasdaq debut names Leopold Aschenbrenner's fund as a cornerstone investor
SK Hynix's record roughly $28 billion Nasdaq listing (SKHY) drew a cornerstone commitment from Leopold Aschenbrenner's Situational Awareness fund. The twist: the fund's single biggest disclosed position is a bet against the chip sector, which makes an anchor check into a memory chipmaker the story worth watching.
Samsung's record beat couldn't stop a memory stock selloff, and Micron (MU) is caught in it
Samsung posted a record 89.4 trillion won ($58.5 billion) Q2 operating profit, up 18-fold year over year, and the stock still opened lower. Memory names like Micron, SanDisk, and Western Digital are down sharply while the broader Nasdaq 100 barely moved. This is still developing after-hours and can change fast.
TeraWulf (WULF) spiked 18%, then gave most of it back: sell the news, buy the rumor
TeraWulf (WULF) opened up 14% and spiked as high as $25.04 on a $19 billion Anthropic lease, then gave back nearly 70% of that gain by early afternoon. Here is how the short interest and the deal math explain the fade.
Astera Labs (ALAB) rallies again, and Wall Street's targets can't keep up
ALAB surged again as chip stocks rallied broadly on July 6, extending a two-week run built on a Q1 beat and Nasdaq-100 inclusion. Even Bank of America's Street-high $450 target, set nearly two weeks ago, can't keep pace with the stock.
Broadcom (AVGO) and Apple (AAPL) extend their chip deal through 2031, and AI is part of it now
Broadcom filed two sentences with the SEC about extending its Apple chip deal to 2031. The 3.7% pop came from reporting about an unconfirmed AI chip, not from anything Broadcom actually said. Here's what's confirmed and what isn't.
Ondas (ONDS) buys DZYNE for $875 million: bigger platform, more dilution
Ondas (ONDS) is buying DZYNE Technologies for $875.8 million, mostly in stock, and raised its 2026 revenue guidance to at least $525 million. It's also the biggest dilution event yet in a year of stock-funded acquisitions. Here's what the deal means and what to watch next.
SemiAnalysis says Nvidia's Kyber AI rack is delayed to 2028: what it means for NVDA, AMD, and the photonics trade
SemiAnalysis says Nvidia's Kyber NVL144 rack is delayed more than a year to 2028, its backup design was scrapped, and Rubin Ultra was quietly cut in half. NVDA barely moved and AMD jumped instead. Here's what it means for the wider photonics trade, from Coherent and Lumentum to POET Technologies.
TeraWulf (WULF) stock jumps 18% on a 20-year, $19 billion Anthropic data center lease
TeraWulf signed a 20-year lease with Anthropic worth about $19 billion in contracted revenue at its Kentucky data center campus, and sold its Abernathy, Texas stake to a Fluidstack-led group for about $530 million the same day. WULF stock jumped as much as 17%, reversing a hard slide, right after Anthropic's reported $15 billion Australia data center plan.
Oracle (ORCL) stock crashed 59%: is it near the bottom?
Oracle keeps beating earnings and keeps falling anyway, down from $345.72 to around $140. Here is why, the debt and cash burn behind it, the $638 billion bull case, and whether the stock is bottoming.
Hyperliquid's Sunday tape shows chip and memory stocks bouncing hard
Western Digital, SanDisk and Micron are all up more than 6% from Thursday's close on Hyperliquid's 24/7 stock perpetuals. Here is the Sunday snapshot, and why it is not the same as Sunday night's real reopen.
Uber's $20 million Lime (LIME) buy is now official, and its stake tops 23%
A July 2 SEC filing confirms Uber Technologies bought $20 million of Lime stock at its $25 IPO price, following through on a pre-IPO commitment. The same filing shows old convertible notes converting into equity too, taking Uber's total Lime stake to about 23 percent of the company.
Anthropic's $15 billion Australia data center plan, and why Leopold Aschenbrenner's real bet might be SharonAI (SHAZ), not IREN
Anthropic is reportedly weighing a $15 billion, 1.4 gigawatt data center buildout in Australia. Leopold Aschenbrenner's fund owns both IREN and SharonAI (SHAZ), but his SharonAI stake, nearly 20 percent of the company, dwarfs his roughly 3 percent stake in IREN, and he's engaged to Anthropic CEO Dario Amodei's chief of staff.