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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
CORRECTED-Japan's Nikkei rises as US economic worries recede
By Junko Fujita TOKYO, Aug 6 (Reuters) - Japan's Nikkei share average reversed early losses to trade higher on Wednesday, as concerns about the U.S. economy receded, prompting investors to continue buying cheap stocks after a heavy sell-off earlier this week.The Nikkei .N225 rose 0.62% to 40,...Reuters
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
OpenAI eyes $500 billion valuation in potential employee share sale, source says
$500 billion valuation would be huge jump from current $300 billionTech giants competing intensely to recruit and retain AI talentBolstered by ChatGPT, OpenAI has made big gains in revenue and usersBy Krystal Hu and Shivani Tanna Aug 5 (Reuters) - ChatGPT maker OpenAI is in early-stage discussion...Reuters
Wed, Aug 6
Asian shares track Wall Street lower, dollar rangebound
SYDNEY, Aug 6 (Reuters) - Asian shares slipped along with Wall Street on Wednesday, after weak U.S. data highlighted the damage tariffs were having on economic activity and earnings, while the dollar struggled with the drag from lower bond yields.Reuters
Wed, Aug 6
Australian gold stocks hit 2-week high as bullion shines
Australian gold stocks .AXGD rise as much as 3.7% to hit their highest level since July 23** ASX All Ordinaries Gold Index set to log third straight day of gains, if current trend holds** Gold prices rise on the back of prospects of lower U.S. interest rates, while investors look forward to U.S. ...Reuters
Wed, Aug 6
Wall Street ends lower as investors consider tariff impact on results, economy
NEW YORK, Aug 5 (Reuters) - U.S. stocks ended lower on Tuesday as investors weighed the impact of tariffs after Yum Brands YUM.N and other companies cited trade duties in their results or outlooks.The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, and the trade gap...Reuters
Wed, Aug 6
Super Micro's quarterly results underwhelm, shares tumble
Aug 5 (Reuters) - Super Micro SMCI.O missed Wall Street estimates for fourth-quarter revenue and profit on Tuesday, as the company battles larger server makers for high-performance computers used to train artificial-intelligence models.Reuters
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
Trump set to fill Fed board vacancy by week's end, has narrowed chair search to four
WASHINGTON, Aug 5 (Reuters) - U.S. President Donald Trump said on Tuesday he will decide on a nominee to fill a coming vacancy on the Federal Reserve's Board of Governors by the end of the week, and had separately narrowed the possible replacements for Fed Chair Jerome Powell to a short list of fourReuters
Wed, Aug 6
CORRECTED-Boeing expected to fly 777-9 for first time in nearly five years, Air Current editor says
Aug 4 (Reuters) - Boeing BA.N is expected to conduct the first flight of a new 777-9 jet in about five years as early as August 5, Air Current editor Jon Ostrower said on Monday in a post on X, citing two people familiar with the matter.Reuters could not independently verify the report.Reuters
Tue, Aug 5
ADM Q2 profit falls to 5-year low amid trade turmoil
Trade turmoil and biofuel policy uncertainty impact ADM profitsADM braces for impact from US tariffs and trade retaliationADM's 2025 earnings forecast lowered to $4.00 per shareADM says corn sweetener orders not impacted by sugar-based CokeBy Karl Plume and Katha Kalia Aug 5 (Reuters) - Arch...Reuters
Tue, Aug 5
