About $25 billion of Microsoft's (MSFT) AI budget is memory getting more expensive. Wednesday says whether that grew.
Microsoft told investors in April it would spend about $190 billion on capital projects this year. Around $25 billion of that increase bought nothing new, it was the same buildout at a higher price after memory costs rose. Microsoft reports Wednesday after the close, two hours after the Fed decision.
Amazon (AMZN) wants 5,105 satellites talking to your phone, on Globalstar (GSAT) spectrum it doesn't own yet
The application covers 5,105 satellites connecting straight to phones, starting in 2028, running on airwaves that still belong to Globalstar. Amazon agreed in April to buy the company for about $11.6 billion, and that deal is not expected to close until 2027. Globalstar trades $11 under the headline price, and the reason is in the exchange ratio rather than in doubts about the deal.
Nasdaq futures were up over 1% and things looked good. Then chips tanked and took the whole gain with them, led by ASML, Micron (MU) and Nvidia (NVDA) (July 27, 2026)
Futures pointed to a strong open on the Iran ceasefire and a 6.79% drop in oil. QQQ opened up 1.09% and was negative within the hour. Three chip headlines did it, and two of them came out of China: a domestic DUV lithography report that hit ASML, and CXMT's Shanghai debut that hit Micron.
ChangXin Memory (CXMT) closed up 466% on day one and is worth as much as Intel. Its factories are sold out through 2027.
ChangXin Memory (CXMT) closed its Shanghai debut up 465.82%, passing ICBC as China's most valuable listed company and drawing level with Intel. Only 6.73% of its stock was tradable. The order book behind it is the part that matters for Micron (MU) and SK Hynix (SKHY).
Nvidia (NVDA) is in talks to guarantee $250 billion of OpenAI's data center financing. The chips are another $350 billion.
The Wall Street Journal reported Sunday evening that Nvidia is in talks to guarantee about $250 billion of OpenAI's financing for a 10 gigawatt campus in southern Ohio. The guarantee would cover lease and construction costs, not chips, which are a separate arrangement worth about $350 billion. Nvidia's earlier plan to invest up to $100 billion in OpenAI was never completed.
Fed rate hike odds went from 10.7% to 38% in nine days. AI stocks are the most exposed.
Odds of an increase at Wednesday's meeting stood at 38% on July 24, against 10.7% on July 15. Nine of 18 FOMC participants projected a hike this year back in June, and Chair Kevin Warsh says policymakers have no tolerance for elevated inflation. June CPI came in cooler than forecast, but oil has since gone back over $100, and the AI trade is the part of the market most exposed to what happens next.
US strikes on Iran paused. Oil fell more than 3%, and Micron (MU) and Nebius (NBIS) rose over the weekend
US Central Command has gone two straight nights without striking Iran, and a Defense Department source told CNN operations are on a hold. Polymarket puts an effective ceasefire at 75% by August 31. US markets were shut all weekend, but the tokenized stock market never closed, and it spent Sunday buying the AI trade and selling oil.
If I had $1,000 for one AI chip stock, I'd buy SK Hynix (SKHY) over Nvidia (NVDA), Micron (MU) and AMD
Nvidia and SK Group signed a $500 billion AI infrastructure deal late Friday night, after both New York and Seoul had closed for the week. Given $1,000 for one of the four AI chip stocks, I'd put it in SK Hynix, which trades at 5.6 times forward earnings even after its 28% ADR premium against 6.4 for Micron.
The busiest stock on Hyperliquid isn't Nvidia. It's SK Hynix (SKHY), and it out-traded Ethereum
Real world assets did $25.1 billion on Hyperliquid in the week of July 13 to 19, out-trading crypto on the venue for the first time. The busiest contract is not Nvidia or Tesla. It is SK Hynix, which passed Ethereum for second place on the whole exchange, and whose Nasdaq listing (SKHY) fell 8.8% on Friday.
All seven Magnificent Seven stocks fell today. Here's where that money actually went (July 23, 2026)
All seven Magnificent Seven stocks were red by late morning Thursday, led by Tesla's 14% drop on an earnings miss and Alphabet's close-to-7% slide despite beating estimates, on another capex raise. Amazon and Meta sold off too ahead of next week's reports. The money didn't just leave, it rotated: into defense on Lockheed's earnings beat, and out of quantum, SaaS and space.
Jim Cramer's tech calls are still lagging the rest of his book. Intel is 1 for 5, and IBM crashed the day after his second buy call.
Jim Cramer's tech calls are still his weak spot. Intel is 1 for 5 since June, IBM is down nearly 30% since his back-to-back buy calls, and his tech picks trail the Nasdaq-100 by more than three points a call even after Tuesday's chip bounce.
Dan Crenshaw sold Google, Amazon, Apple and Meta on the same day, then bought a leveraged oil fund
Rep. Dan Crenshaw's July 16 disclosure shows he sold Google, Amazon, Apple, Meta and a leveraged financial ETF all on the same day, then bought a leveraged oil fund instead. A separate trade in the same filing closed out a Meta options bet right after the stock's roughest day of the year.
Kimi K3 just gave Nvidia (NVDA) its second "DeepSeek moment." The first one made chip demand go up, not down.
Moonshot AI's Kimi K3 sent Nvidia and Oracle lower this week, reviving the "cheap AI kills chip demand" argument. History, and the actual spending numbers, say the opposite is true.
A senator sold Apple and Nvidia in June. He bought Coherent and Micron instead.
Senator Sheldon Whitehouse's latest disclosure shows he sold Apple and Nvidia in late June, then bought Coherent and Micron the same week. Here's what the filing actually shows, and how each stock has moved since.
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.
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.
Micron cracks $1,000 as the chip scare returns from Korea (MU, AVAV)
Stocks opened firm, then chips rolled over after 10 a.m. Micron (MU) cracked $1,000 as the Korea selloff spread. The Dow held, and healthcare and AVAV rallied.
The AI stocks that led and lagged the first half of 2026
The first half of 2026 split the AI trade in two. Memory and chip-supply names like Micron (MU, +304%) and Intel (INTC, +278%) soared, while marquee names lagged and AI software fell, with Palantir (PLTR) down about 34%. Here is the full scoreboard and what it means.
Where the money moved July 1: out of chips, into software, as Meta jumps on cloud news
A flat tape hid a sharp rotation on July 1, 2026: money moved out of semiconductors (SMH -4.2%) and into software (IGV +3.8%), led by Meta's (META) roughly 10% jump on news it will sell its spare AI cloud computing power.
The market's closed, but the weekend stock tape is flashing green
The US market is closed, but stocks trade 24/7 on Hyperliquid. As of Sunday night the weekend tape is green, led by the chip names that fell hardest Friday. Our read before Monday's open.
Can you trade stocks on the weekend? Inside Hyperliquid and the IBM run
A years-old Trump clip went viral on a Saturday and IBM gapped up 15% by Monday. You could watch the whole thing on Hyperliquid, where stocks, oil and indexes trade all weekend in stablecoins. Here is how it works, and why 8 PM Sunday matters.
Which robot stocks can you actually buy? Tesla (TSLA) and Nvidia (NVDA) are on the list. Figure, Apptronik and Unitree are not.
Physical AI is the next leg of the AI trade, but the famous humanoid makers are mostly still private. Here is what is actually listed, what each company builds, and where the risk sits, updated with Goldman's revised 2035 forecast and prices as of September 1, 2026.
BlackBerry (BB) surged on its AI pivot while Nokia (NOK) and Qualcomm (QCOM) sold off
BlackBerry (BB) jumped on a QNX-led earnings beat while Nokia (NOK), Qualcomm (QCOM) and the chip suppliers fell. The old phone names are no longer one trade.
What is a chip foundry? Why almost every AI chip is made by one company, TSMC (TSM)
Nvidia, Apple and AMD design chips but do not make them. A plain-English guide to what a semiconductor foundry is, the fabless model, why TSMC (TSM) makes around 70 percent of the world's chips, and the packaging bottleneck holding back AI.