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AUD/USD gains sharply to near 0.6500 as Trump hints optimism on US-China trade deal
The AUD/USD pair jumps to near 0.6500 during the European trading session. The Aussie pair strengthens as antipodeans outperform its peers amid optimism that the United States (US) and China will reach a tariff deal soon.
Fxstreet
Wed, Aug 6
Lucid Shares Drop 7% Pre-Market — Production Cut Amid Wider EV Pain from Trump Policies
TradingKey - On Wednesday, August 6, Lucid (LCID) fell 7% in pre-market trading, while fellow EV maker Rivian (RIVN) dropped 5%, after both companies cited the negative impact of Trump administration policies — including tariffs and the rollback of EV incentives — on their Q2 results and full-year
TradingKey
Wed, Aug 6
TSMC Denies Trump’s Claims of $300 Billion US Investment; Shares in US and Taiwan Decline
TradingKey - On Tuesday, US President Donald Trump announced on CNBC's "Squawk Box" that a new chip tariff policy will be unveiled within the next week. He claimed that Taiwan Semiconductor Manufacturing Company (TSMC) plans to invest $300 billion in Arizona, constructing the world's largest chip pl
TradingKey
Wed, Aug 6
Rivian Losses Widen, Profit Target Delayed: Is the EV Industry Entering a Deep Freeze?
TradingKey - Electric vehicle maker Rivian (RIVN) unveiled concerning Q2 2025 financial results and outlook, significantly widening its full-year adjusted loss forecast and delaying its path to breaching gross margin. Shares declined 4.6% in after-hours trading following the announcement.TradingKey
Wed, Aug 6
OpenAI's Valuation Potentially Soars to $500 Billion — New Peak for Global AI Unicorns
TradingKey - ChatGPT developer OpenAI is in early-stage talks to raise capital through a private sale of employee shares at a staggering $500 billion valuation, according to Bloomberg, citing people familiar with the matter. This would mark a 67% increase from its previous $300 billion valuation
TradingKey
Wed, Aug 6
OpenAI Breaks the Mold: Releases “Open-Weight” Models and Partners with Amazon to Break Microsoft’s Monopoly
TradingKey - Despite maintaining a leading position in the AI model race, OpenAI faces intensifying competition and growing concerns over its reliance on a single cloud partner — Microsoft. In response, the company is pursuing a new strategy: open-weight models and diversified cloud partnerships.
TradingKey
Wed, Aug 6
U.S. Short-Term Debt Strategy Takes Off — Record $100 Billion 4-Week Bill Auction Just the Start
TradingKey - On Tuesday, August 5, the U.S. Department of the Treasury announced it will auction $100 billion in 4-week Treasury bills on Thursday — the largest single issuance ever for this maturity. The move aligns with the Trump administration’s “Big Beautiful Bill” debt ceiling increase and aTradingKey
Wed, Aug 6
Super Micro's Guidance Cut Sparks 16% After-Hours Collapse: Is the AI Valuation Bubble Bursting?
TradingKey - Super Micro Computer (SMCI) reported lackluster core metrics in its fiscal Q4 earnings release on Tuesday, coupled with a significantly lowered revenue outlook for fiscal 2026, intensifying investor concerns. Shares plunged over 16% in after-hours trading.
TradingKey
Wed, Aug 6
Q2 Earnings Show AMD’s Strength Beyond the Blemishes — Sales to China Could Be a Game-Changer
TradingKey - AMD, the world’s second-largest AI chipmaker after NVIDIA, delivered a record-breaking second-quarter performance on August 5, with revenue and guidance exceeding expectations. However, investors reacted negatively to uncertainty around the resumption of chip exports to China, sending
TradingKey
Wed, Aug 6
Nvidia Says Its AI Chips Don’t Have A "Kill Switch" After Chinese Accusation
Nvidia on Tuesday rejected Chinese accusations that its data center GPUs for artificial intelligence include a hardware function that could remotely deactivate the chips, which is commonly called a “kill switch.”“NVIDIA GPUs do not and should not have kill switches and backdoors,”Tiger News
Wed, Aug 6
AMD expects Q3 revenue of around $8.7 billion, beating Wall Street forecasts
Advanced Micro Devices said on Tuesday it expects third-quarter revenue to exceed Wall Street forecasts, as businesses rush to beef up their artificial intelligence chip infrastructure. In after-hours trading, shares of the Santa Clara, California-based company fell about 4%Cryptopolitan
Wed, Aug 6
Can U.S. Stocks Keep Rising? Wall Street Voices Growing Divergence
TradingKey - After the S&P 500 Index hit a record high of 6,329, several major Wall Street banks have issued stark warnings. Morgan Stanley, Deutsche Bank, and Evercore ISI all cautioned this week that market valuations have entered overheated territoryTradingKey
Tue, Aug 5
Trump Criticizes Powell, Eyes Tariff Hikes on India and Plans Drug and Chip Tariffs
TradingKey - On Tuesday, President Donald Trump, speaking on CNBC's "Squawk Box," renewed his criticism of Federal Reserve Chairman Jerome Powell for delaying interest rate cuts. He mentioned that he has narrowed down the list of potential future Fed chair candidates to four, excluding Treasury SecrTradingKey
Tue, Aug 5
Gold Price Forecast: XAU/USD extends reversal from $3,385, bears eye $3,345 support
Gold (XAU/USD) is accelerating its reversal from two-week highs at $3,385 on Tuesday. A moderate rebound in US Treasury yields and a somewhat firmer USD are weighing on the precious metal as the markets shift their focus away from Friday’s poor employment report.
Fxstreet
Tue, Aug 5
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Top News
SpaceX Stock Price Forecast: SpaceX Short Bets Surge, Musk Warns Short Sellers May Pay the Price, Can the Stock Price See a Reversal?
Google Q2 Cloud Revenue Surges 82%: Net Profit Soars 298% YoY, 26% QoQ Capital Expenditure Growth Sparks Sharp Bull-Bear Divide
Alphabet Q2 Earnings Preview: $190 Billion AI Gamble Faces Major Test, Can Google Cloud Still Sustain the Growth Myth?
Micron (MU) Bounces to $969 - Morgan Stanley and BofA Both Say Buy the Dip
Western Digital (WDC) Surges 12.5% to $548 - Kioxia Merger Talks, $900 Analyst Target
