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.
Nvidia (NVDA) and 34 other companies told Washington not to restrict open-weight AI. OpenAI signed a day late. Anthropic still hasn't.
The Open Weights and American AI Leadership letter asks Washington not to restrict AI models anyone can download. It went from 25 signatures to 35. OpenAI added its name after sitting out the launch, Google's CEO backed it without signing, and Anthropic declined to comment. Update, July 27: the list has since grown to 133 names, and both Google and Amazon signed.
I gave six AIs $10,000 for AI stocks. Five bought SoundHound (SOUN), one bought a construction company.
Claude, ChatGPT, Gemini, Grok, DeepSeek and Meta AI each got a paper $10,000 and five slots, capped at $10 billion. Five bought SoundHound. Claude bought a gas-plant builder. Two of them broke the rules on the first try.
SK Hynix (SKHY) sells the memory in Nvidia's (NVDA) Rubin racks. SK Group is committing $1.44T USD to the chips and data centers around them.
Nvidia and SK Hynix signed a multiyear memory partnership with no dollar figure attached. SK Group then committed 2,100 trillion won ($1.44T USD) to chip capacity and 15 gigawatts of AI data centers, built on Nvidia's Vera Rubin reference design. Nvidia put $1 billion into Naver on July 24. Here is what each side actually committed, and what is funded versus announced.
Everyone's asking if AI is the next dot-com bubble. Nvidia and 25 companies just gave a clue.
Nvidia rallied 25 companies behind open AI models, and OpenAI and Anthropic sat it out. Here's why I think their coming IPOs, not this fight, mark the real top of the AI bubble.
Jensen Huang's first-ever post on X was an open-weights AI letter. Nvidia (NVDA) and Microsoft (MSFT) both signed it, along with 23 other companies.
Jensen Huang joined X in June and stayed silent for weeks. His first post was a joint industry letter on open AI models, signed by 25 companies including Microsoft. OpenAI, Anthropic, Google and Amazon did not sign.
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.
Tesla (TSLA) and Alphabet (GOOGL) are falling hard. The rest of the AI trade isn't (July 23, 2026)
Tesla and Alphabet kept falling through Thursday morning even as chipmakers, neoclouds and photonics stocks held up fine. Oil topped $100 a barrel after Trump threatened to bomb Iranian infrastructure over any new attack on shipping.
Alphabet (GOOGL) raised AI capex to $205 billion, its third hike this year. Nvidia (NVDA) and Broadcom (AVGO) barely moved after hours
Alphabet raised its 2026 capex guidance to $195-205 billion during Wednesday's call, its third increase this year, and GOOGL fell as much as 5% in extended trading. But the chip and power stocks that are supposed to benefit from that spending, Nvidia, Broadcom, TSMC, Micron, Vistra and Constellation, barely moved.
Micron (MU), SK Hynix and AMD just gave chip stocks their first back-to-back gain in two weeks (July 21, 2026)
Micron (MU) closed up about 12 percent, SK Hynix's ADR about 14 percent, and AMD 8 percent Tuesday, chip stocks' first back-to-back gain in two weeks. A Bank of America upgrade on memory demand and a new AMD-Microsoft Azure deal did the heavy lifting.
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.
IREN signed $2.8 billion in AI contracts, and bitcoin miner stocks rallied with it
IREN closed up 19.6% after announcing $2.8 billion in new AI cloud contracts. Hut 8 and CleanSpark had data center lease news of their own, while CIFR, SLNH and KEEL rallied in sympathy. The fuel: Moonshot AI is turning away paying Kimi K3 subscribers because it ran out of GPU capacity.
Microsoft (MSFT) is testing Moonshot's Kimi K3 for Copilot to cut its Azure AI bill by $600 million
Microsoft is testing Moonshot's Kimi K3 for Azure and Copilot, hoping to cut AI costs by $600 million, the same week the model's launch gave chip stocks a rough ride and its maker began prepping a $30 billion Hong Kong IPO.
Michael Burry cut his Oracle (ORCL) short in half, and says reports he closed it are fake news
Michael Burry sold half his Oracle (ORCL) puts on July 17 after a 63% stock plunge, then called reports that he'd fully exited the short "fake news." The same post added Nvidia (NVDA) puts, more DraftKings (DKNG), and a skeptical read on Netflix (NFLX).
Nvidia (NVDA) and Microsoft (MSFT) don't just sell OpenAI chips and cloud time. They also fund the bill.
Nvidia, Microsoft, Oracle, Broadcom, AMD, and CoreWeave have promised OpenAI close to a trillion dollars combined, and some of them are OpenAI's investors as well as its vendors. Here's how the money actually loops, and where it's already showing strain.
Kimi AI stopped taking new signups days after launch as GPU demand maxed out. Alphabet (GOOGL), Tesla (TSLA) and Intel (INTC) report into a chip bear market (week of July 20, 2026)
Moonshot paused new Kimi subscriptions three days after K3 launched because its GPUs hit capacity, which was our whole argument for chip stocks. This week: Alphabet, Tesla, Intel and Nokia earnings, $88 oil, and a Kospi reopen.
I gave five AIs a pretend $10,000 to pick 5 tech stocks. Four bought Nvidia (NVDA). Claude went rogue.
ChatGPT, Gemini, Grok, Meta AI and Claude each picked five tech stocks to hold for six months. Four bought Nvidia. Claude went the other way. Every pick is here and the scoreboard runs monthly.
China's Xi Jinping just launched a 29-nation AI bloc. That's bullish for US AI stocks (NVDA, PLTR)
Xi Jinping used the 2026 World AI Conference in Shanghai to launch a 29-nation World AI Cooperation Organization and take a shot at US chip export controls. History says Washington answers moves like this with money, and that is bullish for the US AI trade.
Meta (META) is in talks to lease $10 billion of computing power to its rival Anthropic
The New York Times reports Meta is negotiating to lease AI rival Anthropic up to $10 billion in computing power, following the path SpaceX and TeraWulf already blazed.
Micron slid 6% into Friday's open, then flipped positive within the hour as chip stocks staged a violent rebound (July 17, 2026)
Chip stocks slid overnight and into Friday's open, with Micron down as much as 5.8 percent, then staged one of the sharpest reversals of the week within about an hour.
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.
SK Hynix (SKHY) and Samsung make almost 80% of the world's AI memory. That's why Micron (MU) and US chip stocks crashed again (July 16, 2026)
Chip stocks fell hard again on July 16: SK Hynix's US shares (SKHY) closed down 13.7%, SanDisk (SNDK) 12.6%, Western Digital (WDC) 9.2%, Micron (MU) 5.7%, even after TSMC's record quarter. The reason traces back to Korea, where Samsung and SK Hynix make close to 80% of the world's AI memory, and to China's CXMT pricing an $85.7 billion IPO the same day.
SpaceX briefly fell below its IPO price today, and the revenue never supported a $2 trillion valuation
SpaceX dipped as low as around $132 on Wednesday, briefly trading below its $135 IPO price for the first time, before closing at $135.27, just pennies above it. With about $18.7 billion in revenue last year, a $2 trillion valuation was always a stretch, and Morningstar said as much before the IPO even priced.
Big tech is about to spend $725 billion on AI data centers. That's not what a bubble looks like.
Microsoft, Amazon, Alphabet and Meta are guiding to roughly $725 billion in combined AI capex for 2026, up 77% from last year. States are moving to regulate the data centers that money builds, but the real risk to watch is that spending now outpaces free cash flow.