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Tencent Q2 Profit Misses Estimates at RMB56 Billion as AI Spending Rises, Revenue Jumps 11% to RMB204.8 Billion
Tencent reported second-quarter 2026 results Wednesday, missing profit estimates as AI spending surged sharply. Net profit attributable to equity holders reached RMB56.0 billion, up just 0.7% year-over-year. That figure fell roughly 4% short of the RMB58.5 billion analyst consensus. Revenue climbed 11% to RMB204.8 billion, beating expectations of RMB202.7 billion for the quarter. Tencent Q2…

Asian Stocks Rise as KOSPI Surges on Chip Rally, Nasdaq 100 Futures Gain 0.4% Ahead of US CPI
Asian stocks climbed on August 12, 2026, as a fresh rally in chip shares pushed South Korea’s KOSPI sharply higher. Strong gains in major semiconductor companies lifted technology sentiment, while Nasdaq 100 futures rose about 0.4% before the latest US inflation data. Investors were watching closely to see whether the CPI report would support hopes…

Super Micro Computer Stock Surges 9% as $65-72 Billion FY2027 Revenue Outlook Crushes Forecasts
On August 12, 2026, Super Micro Computer (NASDAQ: SMCI) stock jumped about 9% after the company issued a FY2027 revenue forecast of $65 billion to $72 billion. The outlook came in well above Wall Street expectations and pointed to continued demand for AI servers. Quarterly earnings also beat forecasts, while margins improved sharply. That leaves…

Oracle Layoffs Could Intensify After 21,000 Jobs Were Cut Amid AI Expansion
Oracle layoffs are expected to intensify again before September 1, 2026, according to a Business Insider report from earlier this week. That follows a brutal fiscal 2026 in which Oracle already eliminated 21,000 jobs, roughly 13% of its total workforce, according to its June 22 regulatory filing. Oracle stock closed at $145.48 on August 11,…

Oil Prices Gain With Brent Near $90 as Stocks Turn Mixed Ahead of Key US CPI Inflation Report
Oil prices extended their climb Tuesday, August 11, 2026, with Brent crude up 2.1% to $89.56 a barrel and holding above $89 for a fifth straight session. WTI crude gained 2.4% to $84.14, its highest level this month, as Strait of Hormuz shipping tensions kept energy markets on edge. Stocks turned mixed the same day,…

Intel (NASDAQ: INTC) Upsizes Stock Offering to $20 Billion at $95 a Share, Stock Gains 1% Premarket
Intel Corporation priced an upsized $20 billion common stock offering on August 11, 2026. The chipmaker sold 210,526,315 shares at $95 per share, up from an initial $15 billion target announced Monday. Intel shares gained about 1% in premarket trading Tuesday, recovering after Monday’s 4% drop. The deal reflects surging demand for Intel’s foundry buildout…

Anthropic Strikes $9.1 Billion AI Cloud Deal With Riot Platforms to Expand Claude Computing Capacity
Anthropic has struck a $9.1 billion, 20-year computing deal with Riot Platforms Inc. to expand capacity for its Claude AI models. The agreement covers 191 megawatts of IT capacity at Riot’s Rockdale, Texas campus, enough to power roughly 143,000 homes. Riot Platforms shares surged over 25% in after-hours trading Monday, August 10, 2026, after Bloomberg…

Tesla (NASDAQ: TSLA) and SpaceX Plan $16.8 Billion Texas Chip Factory Spanning 100 Million Square Feet
Tesla and SpaceX confirmed plans Thursday, August 6, 2026, to build a massive semiconductor factory called Terafab in Grimes County, Texas. The initial investment stands at $16.8 billion, with the facility spanning more than 100 million square feet. Elon Musk, CEO of both companies, called it “the largest and most valuable building on Earth by…

QVC Exits Bankruptcy With $5B Debt Cut, Mike George Returns as CEO on August 7
QVC exits bankruptcy with $5 billion debt reduction and $600 million new credit facility. Former CEO Mike George returns to lead turnaround as company relists on Nasdaq under symbol QVCG.