» Dow Jones Futures Rise But AI Woes Continue; Taiwan Semi, GE, UnitedHealth Are Key Earnings Movers
Dow Jones futures: Taiwan Semiconductor and GE Aero fell despite strong earnings as the AI stock sell-off continues.
Chinese rival to Micron could shake up the chip market, U.S. will put 25% tariff on some Brazilian goods, United Airlines raises full-year guidance, and more news to start your day.
BOSTON, July 16, 2026--illumynt, a technology-driven leader in AI hardware lifecycle recovery and IT asset disposition (ITAD), today announced that Anthony "Tony" Giannetti has joined the company as Senior Vice President of Global Operations, effective July 13, 2026.
STORY: From SK Hynix shares yo-yoing to Apple suing OpenAI...This is AI Weekly.:: AI WeeklySK Hynix shares went on a wild ride after its U.S. listing last week.Shares plunged 15% in trading on Monday, marking the South Korean chip giant's biggest one-day fall on record.But the firm's stock bounced back almost 13% later in the week.It followed gains made in U.S. tech stocks after softer-than-expected U.S. inflation data and upbeat analyst forecasts for AI memory demand.Meta plans to produce AI chips this September.That's according to a memo seen by Reuters.The move would help Meta gain more independence from chip suppliers like Nvidia.Apple sued OpenAI and two former employees.The U.S. tech giant alleged misappropriation of its trade secrets to benefit the ChatGPT-maker's move into consumer hardware.It accused OpenAI of orchestrating an effort to acquire and exploit Apple's confidential information through former employees, recruiting practices and supplier relations.OpenAI said in a statement they "have no interest in other companies’ trade secrets."IBM shares plunged by a quarter in one day.Investors sold off after the U.S. tech company signaled the AI infrastructure boom has drawn spending away from the software sector.IBM said it expected revenue to rise just 1% in the second quarter, falling short of Wall Street hopes.The announcement added to worries over a software industry already rocked by the rise of AI tools.And TSMC raised it forecast for capital spending by up to 14% for this year.It comes after the chipmaker and major Nvidia supplier posted a 77% jump in second-quarter profit of $22 billion.That was well ahead of market forecasts and the firm's ninth straight quarter of double-digit percentage growth.Looking ahead, capital expenditure for this year is forecast to now be between $60 billion and $64 billion.
Investors were set to parse signals on the AI build-out, consumer spending, geopolitical uncertainty, and more in a packed Thursday session.
The US House China committee chair has urged the Trump administration to ban US companies from buying memory chips from CXMT and YMTC to avoid...
The S&P 500 and Nasdaq Composite have been stuck for months as Big Tech earnings approach.
Itʻs a good time to get defensive.
Investing.com - U.S. stock futures were largely steady on Thursday as softer inflation data continued to support hopes that the Federal Reserve can keep interest rates on hold.
Taiwanese chipmaker TSMC will invest an additional US$100 billion in the US state of Arizona, the company said Thursday, as it reported a record quarterly net profit on the back of massive demand for AI hardware. - Increased capex - TSMC will spend an additional US$100 billion building fabs in Arizona, which would take the company's total investment plans in the United States to US$265 billion.
Two catalysts could send the iPhone maker higher.
Alphabet's AI-driven growth in Search and Cloud is fueling premium valuation debates as rising investment and enterprise demand reshape its outlook.
Broadcom's prospects continue to improve.
Taiwanese chipmaker TSMC reported a record net profit for the second quarter on Thursday, fuelled by massive demand for artificial intelligence hardware. This has turbocharged business for chipmakers such as TSMC, creating shortages and sending prices soaring.
Only one company has ever touched the mark, and the iPhone maker is about 4% away.
Apple is gaining momentum as iOS 27, China AI approval, and a Broadcom chip deal have strengthened investor confidence.
The technology giant's AI strategy is emerging.
The gains came as investors favored companies with strong business advantages and financial performance instead of riskier growth-focused stocks.
June’s Producer Price Index (PPI) declined 0.3% from the previous month, marking its steepest drop in more than a year.
With Q2 earnings closing in, Jefferies just named its top Magnificent 7 pick and the choice cuts across some of the most widely held retirement stocks in America. One of these three tech giants wins on valuation, one wins on income, and one barely shows up to the fight.