BUSINESS

Fermi Inc. shares surged after announcing a 15-year lease with TensorWave at Project Matador, marking a key milestone in its AI infrastructure development, despite recent volatility and legal challenges.

NIQ Global Intelligence shares soared over 31% following strong Q2 results, driven by AI advancements and strategic acquisitions, marking a significant recovery since its IPO volatility.

The Nasdaq Composite remained stable as investors weighed strong corporate earnings against fluctuating oil prices and Middle East tensions, reflecting a cautious market sentiment amid inflation concerns.

The Dow Jones Industrial Average rose as oil prices surged due to tensions in the Strait of Hormuz, while U.S. markets approached record highs despite geopolitical uncertainties and mixed economic signals.

Samsung's Galaxy Z Fold 8 is now available, but with Apple's foldable iPhone expected soon, analysts suggest potential buyers consider waiting to see Apple's offering before making a purchase decision.

Vietnamese startup VinSpace has signed a deal with SpaceX to launch its first satellites in 2027, highlighting Vietnam's growing space ambitions and private sector involvement in aerospace.

Jefferies downgrades Apple stock, citing the cancellation of the all-glass iPhone project. The decision impacts future pricing strategies and raises questions about Apple's supply chain leadership.

South Korea's Kospi index rose 0.73% as Samsung and SK Hynix led gains, driven by strong global chip demand and government initiatives to support the semiconductor industry.

The UK has approved Eli Lilly's Foundayo, a weight-loss pill for obesity and type 2 diabetes, marking a significant step in oral treatment options. The drug is not yet available through the NHS.

Austal Ltd's shares rose 17% after Hanwha Group offered up to $1.2 billion for its U.S. operations, aiming to expand in American shipbuilding. The deal excludes Austal's Australian assets.

Beach Energy shares rose 5.46% amid a broader rally in oil stocks, driven by rising global crude prices and ongoing tensions in the Strait of Hormuz affecting oil transit.

Santos Ltd shares rose 5.36% amid a broader ASX energy stock rally, driven by rising oil prices and ongoing tensions in the Strait of Hormuz affecting global energy markets.

Australia's ASX 200 index rose 0.20% on Tuesday, driven by energy, mining, and healthcare stocks, despite mixed earnings results and corporate activities influencing market sentiment.

The Invesco QQQ Trust remains near record highs as investors anticipate corporate earnings and inflation data, which could shape Federal Reserve policy and impact the fund's performance.

GameStop may abandon its $56 billion eBay acquisition bid in favour of a commercial partnership, reducing financial risks and aligning with investor preferences for a lower-risk strategy.

Intel's shares fell over 4% following a surprise $15 billion stock offering announcement, aimed at funding its chip manufacturing expansion. The move raised investor concerns about potential shareholder dilution.

Investor Ross Gerber proposes a Starlink-powered smartphone to Elon Musk, featuring AI integration and a unique interface, aiming to redefine mobile technology and connectivity.

Archer Aviation's stock rose over 14% following a successful test flight and expanding partnerships, despite ongoing challenges in the eVTOL sector. Investors await the company's upcoming earnings report.

National Energy Services Reunited's Q2 results exceeded expectations, with a 59% revenue increase and net income nearly tripling, driving a 16% stock surge. Strong performance attributed to increased activity in MENA region.

AbCellera Biologics' stock surged over 30% after its menopause drug, ABCL635, showed significant efficacy in a Phase 2 trial, reducing hot flash frequency and severity, with no serious adverse events.

The Dow Jones Industrial Average dipped slightly as investors anticipate corporate earnings and inflation data, following a record close last week. Market sentiment remains cautious amid geopolitical tensions.

South Korea's Kospi Index rose 0.65% as bargain hunters targeted semiconductor stocks, despite foreign investors' continued selling and a weakened won. The Kosdaq outperformed with a 6.97% gain.

CAR Group Ltd's shares rose nearly 10% after reporting a 14% increase in annual profit and raising its dividend, driven by international expansion and new product launches.

Elon Musk plans to integrate Starlink satellite internet into all cars, enhancing connectivity for autonomous vehicles and robotaxis, and overcoming limitations of traditional cellular networks.

Sunrise Energy Metals' shares surged 16.07% after securing a $400 million U.S. loan for its scandium project in New South Wales, marking a significant step in reducing reliance on Chinese mineral supply.

The ASX 200 fell 0.43% on Monday, driven by a bank selloff despite gains in mining and healthcare. Westpac's earnings update disappointed, while Element Fleet Management bid for FleetPartners.

Oil prices remain volatile due to tensions in the Strait of Hormuz, with conflicting signals from Iran and the U.S. affecting market stability and future energy supply expectations.

Berkshire Hathaway's cash reserves decrease under new CEO Greg Abel, indicating a shift in investment strategy with increased stock purchases and buybacks, while maintaining disciplined capital allocation.

Warren Buffett has redirected $6 billion in Berkshire Hathaway shares to family-linked foundations, excluding the Gates Foundation for the first time, amid scrutiny over past associations with Jeffrey Epstein.