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NVDA Bounces 4% as Memory Chip Shortage Eases AI Bottleneck
Nvidia stock climbs 4% on July 10 after a $1 trillion market cap decline. Memory chip shortage eases, but competition from Micron and others intensifies as AI infrastructure demand shifts.
Meta Jumps 6% on New AI Cloud Business and Pricing Strategy, July 11
Meta stock climbs 6% as CEO Zuckerberg unveils cloud computing rental plans and cuts AI model pricing to undercut OpenAI and Anthropic. Stock now positive for the year.
SoftBank, PayPay Eye Stake in Seven & i to Deploy AI, Robots at 7-Eleven
SoftBank and PayPay consider investing several hundred billion yen in Seven & i Holdings to deploy AI and robots at 7-Eleven stores. Sumitomo Mitsui Card may also join the deal.
SpaceXAI Launches Grok 4.5 at Half the Price of Claude and GPT—July 9
SpaceXAI launches Grok 4.5 AI model at $2 per million input tokens, undercutting Anthropic’s Claude Opus 4.8 at $5 and positioning itself as a faster, cheaper alternative for coding and enterprise work.
Firefly Aerospace Wins $13M NASA Mars Contract on July 9
Firefly Aerospace (FLY) wins $13M NASA subcontract to manufacture the aeroshell for Skyfall Mars mission launching in 2028. The contract marks the company’s first project from its Gloworks innovation lab in Texas.
Canadian Portfolio Managers Pick Dividend Stocks on July 8, 2026
Rebecca Teltscher and Ernest Wong share their top stock picks for July 8, 2026. Both managers favor Canadian dividend stocks and energy plays amid elevated valuations and geopolitical risks.
KOSPI Slides 5.7%, Nears Bear Market as Samsung (005930.KS) Drops 6.9% and SK Hynix (000660.KS) Falls 5%
South Korea’s KOSPI index tumbled 5.7% on July 8, 2026, pushing the benchmark toward bear market territory. Samsung Electronics dropped 6.9%, while SK Hynix fell 5%. The selloff extended a brutal stretch that began with a historic circuit breaker in Samsung shares on July 7. Foreign investors dumped hundreds of billions of won in semiconductor…
Zhipu AI (HKEX: 2513) Jumps 14.16% on Report of Custom AI Chip Development for GLM Models
Zhipu AI shares skyrocketed 14.16% during intraday trading on July 8, 2026. The stock, listed as Knowledge Atlas Technology, touched HK$1,838.00 by 10:45 AM GMT+5. That marked a gain of HK$228.00 over the previous close of HK$1,610.00. The rally follows a report that Zhipu AI is exploring a custom AI chip for its GLM model…
SpaceX Shares Fall 2.3% Ahead of Nasdaq 100 Entry as Morgan Stanley Sets $300 Price Target
SpaceX shares slipped about 2.3% on July 7, 2026, as investors looked ahead to the company’s upcoming addition to the Nasdaq 100. The decline came even after Morgan Stanley initiated coverage with a $300 price target, reflecting confidence in the company’s long-term growth. Some investors chose to lock in gains before the index inclusion, while…