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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…
Sam’s Club Summer Sale: Walmart Reduces Prices on More Than 1,000 Items
Sam’s Club and Walmart announced sweeping summer price cuts on July 6, 2026. The Bentonville, Arkansas-based retailer slashed prices on more than 1,000 items. Shoppers will see savings across groceries, household essentials, outdoor living, toys, and apparel. The move covers stores and clubs nationwide, including online and app orders. Sam’s Club, a Walmart Inc. (Nasdaq:…
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…
Capita (LON: CPI) Stock Plunges 15.1% After UK Government Statement on Civil Service Pension Contract
Capita shares fell 15.1% on Tuesday, July 7, 2026, after a ministerial statement on its pension contract. Some reports put the intraday drop as high as 16%. The Paymaster General criticized Capita’s handling of the Civil Service Pension Scheme. This marks another setback in Capita’s troubled outsourcing history. What Triggered Capita’s Stock Plunge Cabinet Office…
Samsung Profits Surge 1,800% as AI Memory Chip Demand Drives Record ₩89.4 Trillion Quarterly Operating Profit and ₩171 Trillion Sales
Samsung posted a record second-quarter operating profit of 89.4 trillion won, up 1,810.3% year-over-year. The company reported revenue of 171 trillion won, compared with 133.9 trillion won last quarter. AI-driven memory chip demand powered this surge. The results mark Samsung’s third consecutive record quarter this year. Samsung Posts Record Profit on AI Memory Demand Samsung…
Micron Technology Inc (NASDAQ: MU) Stock Gains 0.94% as AI Infrastructure Drives Memory Market Growth
Micron Technology Inc closed higher after its stock rose 0.94%, as investors continued to focus on companies supplying memory products for artificial intelligence systems. The expansion of AI data centers is driving higher demand for advanced memory, giving Micron Technology Inc added exposure to one of the fastest-growing areas in technology infrastructure. The latest move…
Proxima Fusion Raises €411 Million Backed by Google and RWE to Advance Fusion Energy
On July 7, 2026, German fusion energy startup Proxima Fusion announced a €411 million funding round backed by major technology and energy companies, including Google and RWE. The investment supports the company’s plans to develop commercial fusion power using advanced stellarator technology. Proxima Fusion is working to address some of the technical challenges in fusion…
Trent Stock Down 10.81% After Slower Growth Warning
Trent stock fell 10.81% on July 7, 2026, hitting a low of ₹2,986 on the NSE. The Tata Group retailer reported 19% year-on-year standalone revenue growth for Q1 FY27. That figure missed analyst estimates of 22-23% growth. Weak store productivity and a slower expansion pace triggered the sharp selloff. Trent Stock Falls on Revenue Growth…
Australian Economy Faces Worst Slowdown Since 1990s Recession
The Australian economy is heading toward its weakest stretch of growth since the early 1990s recession. Deloitte Access Economics now forecasts GDP growth of just 1.3% for 2026/27. That follows a downgrade from an earlier estimate of 1.9%. Inflation, rate hikes, and weak productivity are driving this slowdown across the country. Growth Forecasts Fall Sharply…