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SoftBank (TYO: 9984) Faces AI Funding Test as Investors Focus on OpenAI Investment Strategy Ahead of Q1 Earnings
SoftBank Group Corp will report Q1 FY2026 earnings on August 6, 2026. Investors are closely watching how the company funds its massive OpenAI commitments. SoftBank’s share price has dropped nearly half since early June 2026. Analysts expect net profit of ¥148.4 billion for the April-June quarter. SoftBank Q1 Earnings Preview: What Analysts Expect Four analysts…
South Korea’s Kospi Tumbles 5% on AI Chip Fears, Reversing Friday’s Record Rally
South Korea’s Kospi index fell 5% on August 3 after a record 17.9% rally Friday, as Samsung and SK Hynix dropped 9% each. Leverage-fueled selling and AI spending concerns drove the reversal.
Jeff Bezos Backs $2.6B AI Startup Tackling Chip Material Shortage
Jeff Bezos backs CuspAI’s $450M Series B round at $2.6B valuation. The AI startup partners with Nvidia and Meta to discover chip materials, tackling gallium and rare element shortages.
US Stock Market Today: Dow, Nasdaq, and S&P 500 Futures Climb to Start August
US stock market futures moved higher on August 1, 2026, giving Wall Street a solid start to the new month. Dow, Nasdaq, and S&P 500 futures all advanced in premarket trading as easing geopolitical tensions and falling oil prices improved investor confidence. Traders are also looking ahead to a busy week packed with economic data…
Nikkei 225 Falls Over 2% as Stronger Yen Pressures Japanese Exporters
On August 3, 2026, the Nikkei 225 dropped more than 2% after the Japanese yen strengthened, triggering a wave of selling in export-driven stocks. Automakers and technology companies were among the hardest hit because a stronger yen reduces the value of overseas earnings when they are converted into Japan’s currency. The decline also raised fresh…
CuspAI Hits $2.6 Billion Valuation After Jeff Bezos, Nvidia, and Meta Back AI Materials Startup
Cambridge-based AI startup CuspAI secured $450 million in a Series B funding round on July 20, 2026. The funding pushed its valuation to $2.6 billion, backed by Jeff Bezos, Nvidia, and Meta. CuspAI uses artificial intelligence to discover new materials for chipmaking, clean energy, and manufacturing. The round marks a fivefold jump from its $520…
Anwar’s Coalition Loses Negeri Sembilan With 11 of 36 Seats on August 1
Anwar Ibrahim’s coalition loses Negeri Sembilan state election, winning 11 of 36 seats. BN-PN alliance secures 25 seats and supermajority. Transport Minister Anthony Loke loses his seat.
Jensen Huang Predicts Six-Figure Trade Jobs as AI Data Centers Boom
Nvidia CEO Jensen Huang says AI data center construction will unlock six-figure jobs for electricians and plumbers. McKinsey estimates 520,000 new skilled trade positions needed in the U.S. by 2030.
Leopold Aschenbrenner’s $45B AI Fund Collapses 67% in July
Leopold Aschenbrenner’s $45 billion AI hedge fund Situational Awareness crashed 67% in July after overleveraged bets on chip stocks backfired. Citadel bought the portfolio at a discount.