Andy Chen

Elon Musk's AI business SpaceXAI announced the launch of a new product, Grok Bot, further expanding its presence in the enterprise AI agent market. Positioned as a collaborative team of AI agents, the product is capable of logging into applications and websites, retaining previous task information,

Manus announced that it will soon resume independent operations, signaling that its separation from Meta (META) has entered the final stage. Previously, Meta announced in December 2025 that it would acquire the general AI agent developer for approximately $2 billion, but Chinese regulators required the deal to be unwound in April this year, prompting both parties to initiate a complex separation of business operations and data.

Intel (INTC) officially finalized its $20 billion common stock offering plan on August 11, Eastern Time, raising the size by one-third from the previously announced $15 billion.

Speculation regarding a potential merger between Tesla (TSLA) and SpaceX (SPCX) continues to grow. On *The Brainstorm*, a podcast by Cathie Wood's ARK Invest, several guests noted that if Tesla and SpaceX move forward with a merger in the future, Tesla's operations in China could become a complex regulatory variable. SpaceX is involved in U.S. national security and satellite projects, while Tesla's Shanghai Gigafactory serves as a major manufacturing and export hub, meaning certain technology and business dealings could face heightened scrutiny.

On August 10, Eastern Time, Rocket Lab (RKLB) reported its second quarter 2026 financial results after the market close. During the period, revenue surged 62% year-over-year to $234 million, setting a new quarterly record and exceeding the previous quarter's high by $34 million. The results surpassed the market consensus estimate of approximately $232 million.

High uncertainty surrounding the reopening prospects of the Strait of Hormuz drove oil prices up by 5%. Meanwhile, Cleveland Fed President Beth Hammack stated that the Federal Reserve may still need multiple rate hikes to bring down inflation. Against this backdrop, the three major U.S. stock indices were under slight pressure, with chip stocks retreating while oil stocks led the market. At the close, the Dow Jones Industrial Average fell 0.11% to 53,975.98 points; the Nasdaq Composite Index dropped 0.32% to 26,605.36 points; and the S&P 500 Index fell 0.06% to 7,753.11 points.

According to the Financial Times, Nvidia (NVDA) is in talks with several Wall Street giants regarding a $500 billion AI infrastructure financing plan, with funds potentially directed toward key areas such as data centers, chip procurement, and power. The deal could be announced as early as Monday, though details concerning the financing structure, specific projects, and whether the funds represent new commitments have not yet been disclosed.

On August 10, Eastern Time, international oil prices rose sharply as market concerns over crude oil supply disruptions intensified due to uncertainty regarding the reopening of the Strait of Hormuz and ongoing security tensions in the Middle East. These factors supported the risk premium for international oil prices. As of the time of publication, WTI crude (USOIL) rose 3.49% to $80.91, while Brent crude (UKOIL) climbed over 3% to $86.75.

On August 10 ET, Apple (AAPL) shares have been hovering near $300 since the release of its quarterly earnings report, but pessimism on Wall Street is accelerating. In its latest research report, Jefferies downgraded Apple to an "Underperform" rating and lowered its target price from $285.56 to $263.66, implying approximately 14% downside from the current price of $306.

On August 10, Eastern Time, SpaceX (SPCX) returned to its offering price of $135 in intraday trading before falling by more than 1%, with its latest market capitalization reaching $1.76 trillion. However, the company's share price was still hovering near $105 just two trading days ago.

Spot gold (XAUUSD) broke through the $4,350 mark on August 7, Eastern Time, and is currently heading toward $4,400. This marks the first time gold has returned to this level since June 17. The immediate factor driving the increase in gold prices was the cooling of U.S. July non-farm payrolls data. H

Micron (MU) stock has been retracing since hitting an all-time high of $1,254.8 on June 25, reaching a local low of $737.88 on July 29. BofA analyst Vivek Arya noted that the recent repricing reflects investors positioning early for a potential downcycle "rather than a response to fundamentals"—which he believes are currently continuing to improve.

U.S. non-farm payrolls for July unexpectedly turned negative, cooling Federal Reserve rate hike expectations and boosting market trading sentiment as the three major indices all strengthened. Memory stocks faced a sell-off, while software stocks rallied broadly. At the close, the Dow Jones Industrial Average rose 0.28% to 54,036.93 points; the Nasdaq Composite Index climbed 1.30% to 26,690.62 points; and the S&P 500 Index gained 0.62% to 7,757.64 points.

According to media reports citing sources, the Trump administration has further escalated its personnel pressure on the Federal Reserve, officially initiating removal proceedings against Governor Lisa Cook. Citing unproven mortgage fraud allegations, the White House issued a notice to Cook requiring her to respond to the charges within three weeks.

AMD announced yesterday its acquisition of AI inference chip startup Taalas to strengthen its presence in the inference chip sector and further enhance its data center AI product portfolio. Taalas, founded in 2023, has reportedly raised approximately $219 million in total funding. As the deployment of generative AI applications accelerates, the industry's focus is shifting from model training toward model inference—the computational process required for AI models to respond to user requests in actual business scenarios.

On August 7 (ET), SpaceX (SPCX) broke through a periodic high of $126.71. This followed the official unlocking of the first batch of 911.5 million insider restricted shares on August 6, representing a potential release of approximately $100 billion in market value. However, the sell-off that the mar

Market sentiment weakened following reports that Fed Chairman Warsh is considering a September rate hike and ahead of the non-farm payrolls report scheduled for release on August 7 ET. The three major indices all declined, with memory stocks suffering losses while oil stocks gained. At the close, the Dow Jones Industrial Average fell 0.85% to 53,885.10 points; the Nasdaq Composite Index dropped 0.06% to 26,348.35 points; and the S&P 500 Index declined 0.18% to 7,709.96 points.

According to a report by *The Information*, Nvidia (NVDA) is considering an aggressive move to address the shortage of high-end high-bandwidth memory (HBM) chips. The company is exploring the adoption of memory configurations for its next-generation Rubin Ultra GPU that are lower than originally planned. According to three people familiar with the testing efforts, Nvidia has tested at least three versions of the Rubin Ultra over the past several weeks, with some versions featuring memory capacities below the specifications initially announced by the company.

On August 6, Eastern Time, the three major U.S. stock indices collectively trended lower. As of press time, the Dow Jones Industrial Average fell 0.57% to 54,037.33; the Nasdaq Composite Index fell 0.12% to 26,332.09; and the S&P 500 Index declined 0.16% to 7,710.84. The market held back from making

According to the Financial Times, individuals close to new Federal Reserve Chair Kevin Warsh stated that Warsh has admitted to those around him that there were indeed missteps during his first ten weeks at the helm of the world’s most important central bank. He acknowledged failing to effectively reinforce the core message of maintaining price stability and allowing confusion to arise regarding whether his long-term Fed reform plans would influence short-term decision-making.