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Intel (INTC) is up 4.67% in intraday trading as multiple outlets spotlight its data center AI and foundry businesses. But heavy capex and ongoing losses remain key risks.
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Microsoft’s blowout quarter added a record ~$450 billion to its market cap in a single session, easing fears of an AI capex bubble. Now the market’s focus shifts to jobs data and whether the breakout can hold.
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AMD launched its first rack-scale AI system, Helios, at its Advancing AI 2026 event, but the stock dipped 2.29% after hours. The system boasts 72 MI455X GPUs and claims a 30% better token-per-dollar ratio than the leading competitor.
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Palantir CTO Shyam Sankar warns that AI distillation lets small teams replicate core software functions at a fraction of the cost, potentially upending the industry’s value chain. The warning comes hot on the heels of IBM’s shock profit alert, which sent shares plunging 25%.
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Anthropic is lining up investor meetings for a potential mega-IPO as soon as October, with Goldman Sachs, Morgan Stanley and JPMorgan leading the charge. Its last private valuation hit $965 billion, and prediction markets see a 90% chance it hits $1.25 trillion by year-end.
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TSMC’s record Q2 revenue and surging AI demand weren’t enough to revive the AI trade. The stock edged lower as investors rotated into safer names like Apple.
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DeepSeek is in talks to raise roughly $1.5 billion at a $71 billion valuation, just a month after its first external funding round. The Chinese AI lab is targeting an IPO as early as 2027.
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Broadcom (AVGO) dropped nearly 4% in after-hours trading Monday, as a broader selloff in chip stocks reignited debate over whether the AI trade has gotten ahead of itself.
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Bank of America extends a $520 million credit line to OpenAI, signaling a strategic pivot from risk-avoidance to chasing a role in the AI giant's upcoming IPO. The same day, OpenAI also announced an acquisition and received US approval for a broad GPT-5.6 rollout.
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Palantir CEO Alex Karp says the enterprise AI sales model is "completely wrong," arguing token-based pricing forces companies to expose their IP for little return. Meanwhile, two wealth managers trimmed their TSMC positions.
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Nvidia rolls out a revenue-sharing model for startups, swapping compute for future profits. Meanwhile, Palantir CEO Alex Karp says the generative AI sales model is “structurally broken,” warning enterprises are paying to expose their IP.
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Small caps just delivered their strongest first half in 35 years, with the Russell 2000 surging over 21%. The AI trade is rotating from mega-caps into smaller names, led by semiconductors, while Nvidia’s pullback signals the rotation is accelerating.