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A Record for the Nasdaq, a Data Problem for the Fed
Investors cheered a weak jobs report. For a Fed that had just raised rates, the revisions are harder to shrug off. On Friday, Wall Street got the jobs report it had been hoping for: a…
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AMD’s $8.2 Billion Bet on AI’s Physical Future
Fei-Fei Li’s decision to sell World Labs is a sign that the next AI race will not be won by better models alone. At first glance, AMD’s deal for World Labs looks extravagant. The chipmaker…
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When AI Models Get Cheap, Where Does Competition Move Next?
Meta’s Muse did not reach the top of the App Store with the world’s best model. It did so with a product that could act, a network that could distribute it, and a position close…
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AI’s Biggest Rivals Want to Slow Down. Their Spending Says Otherwise
For once, the leaders of the world’s most competitive AI companies agree: frontier development is moving too fast. But their investment plans, compute contracts and product road maps tell a very different story. A rare…
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The $3,199 iPhone Is Really an AI Story
Apple’s most expensive iPhone yet is not simply an exercise in premium pricing. It is the consumer-facing consequence of an AI-driven struggle for the world’s memory-chip capacity. Apple’s unusually expensive launch Apple’s September product event…
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SpaceX Is Back at $2 Trillion. But Has the Market Really Priced It Yet?
On 8 September, SpaceX shares closed at $153.47, up 3.73%, taking the company’s market capitalisation back above $2 trillion. The stock had gained 7.9% over the previous five sessions. It looked like a powerful recovery.…
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DeepSeek’s Real Bet Isn’t the Model—It’s the Agent Runtime
In August 2026, DeepSeek released the source code for a project called DeepSeek Harness, or DSH. Within two days, the repository was closing in on 100,000 GitHub stars. The codebase ran to roughly 453,000 lines…
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Nvidia Beat Expectations. Why Didn’t the Market Buy It?
Nvidia delivered another extraordinary quarter. The numbers were spectacular. The stock’s reaction was anything but straightforward. On 26 August, Nvidia reported revenue of $96.2 billion for the second quarter of fiscal 2027, up 106% year…
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Alibaba Raised HK$80 Billion. Why the Rush?
01 The Biggest Share Placement in Hong Kong History On 26 August, Alibaba formally closed a HK$80 billion share placement: 710 million new shares at HK$112.70 each, raising net proceeds of HK$79.7 billion. The book…
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SK Hynix’s US Listing: How Much More Is It Really Worth on a Different Exchange?
01 On 10 July, SK Hynix officially made its debut on Nasdaq. Its offer price was $149, but the stock opened at $170, climbed as high as $177 intraday, and finished its first session at…