BUSINESS

Intel's stock experiences volatility despite strong earnings, as analysts debate the sustainability of its growth amid supply constraints and competition. Investors eye upcoming earnings for clarity.

SK Hynix reported record Q2 profits driven by high-bandwidth memory chip demand for AI systems, despite missing analyst forecasts. The company plans further production expansion amid strong AI infrastructure investments.

U.S. stocks fell as Iran's surprise attack on American forces heightened market volatility. Concerns over AI spending and upcoming Federal Reserve decisions added to investor uncertainty.

Mineral Resources reported record production volumes and improved financials, driving a 4.75% share price increase. The company exceeded guidance across mining services, iron ore, and lithium divisions.

Three Bitcoin holders are suing Apple, alleging the company allowed a counterfeit Sparrow Wallet app on its App Store, resulting in $1.8 million in stolen cryptocurrency. The lawsuit raises questions about Apple's responsibility for third-party apps.

Audi introduces the Q9, its flagship SUV, aiming to capture the luxury market with advanced features and design, amidst declining U.S. sales and growing competition from established rivals.

Micron Technology's stock has sharply declined due to competition from a new Chinese memory chip rival and concerns over the sustainability of AI infrastructure spending.

South Korea's KOSPI index has plunged over 12% in two days, driven by AI spending concerns, SK Hynix's earnings miss, and intensified market volatility, triggering circuit breakers for the first time.

Mario Kart World is the top-selling Nintendo Switch 2 game, driving console sales to nearly 20 million units worldwide within a year of launch, according to Nintendo's latest sales figures.

Samsung introduces the Galaxy Z Fold 8 lineup with enticing pre-order offers, including free earbuds and significant trade-in credits, as it aims to strengthen its market position before Apple's foldable release.

Japan's Nikkei 225 index fell sharply due to a selloff in AI and semiconductor stocks, despite broader market stability. Geopolitical tensions and currency fluctuations added to investor concerns.

The FTSE 100 index nears record highs, driven by strong corporate earnings from companies like Standard Chartered, despite geopolitical tensions in the Middle East and rising oil prices.

Eagers Automotive's shares rose 5.27% following strategic international expansion and record growth. The company reported $13 billion in revenue and completed a major Canadian investment, boosting its global presence.

Lovisa Holdings' shares surged nearly 8% on the ASX 200, despite no new announcements, amid a volatile market environment and mixed analyst sentiment on its growth strategy.

South Korea's KOSPI index suffered a historic two-day decline, losing over 12.6% as investor concerns about AI spending sustainability led to a sell-off in major chipmaker stocks.

China's smartphone market contracts as rising memory chip prices favour premium brands like Apple and Huawei, reshaping competitive dynamics and squeezing out lower-cost competitors.

Australia's S&P/ASX 200 index climbed to a five-month high, driven by strong earnings from Rio Tinto and a global shift towards defensive stocks, amid regional tech market turbulence.

Samsung Electronics shares fell 13.4% amid fears of Chinese competition, marking their worst one-day drop in nearly two decades. The broader South Korean market also suffered significant losses.

Micron Technology shares fell nearly 10% amid a global memory chip selloff, driven by Chinese competition and cooling AI infrastructure spending, despite strong financial performance and bullish Wall Street ratings.

AbbVie shares reached a 52-week high as investors anticipate the company's second-quarter earnings report, focusing on its immunology portfolio and recent strategic acquisitions.

Johnson & Johnson's shares soared to a record high after agreeing to a $5.5 billion settlement to resolve 76,000 U.S. lawsuits alleging its talc products caused ovarian cancer, removing a major legal overhang.

PepsiCo shares rose 2.73% amid a market rally, despite recent earnings misses and analyst downgrades. International growth offset North American challenges, with a continued focus on dividend increases.

Coca-Cola's shares rose over 6% after surpassing Q2 expectations, driven by global volume growth and FIFA World Cup marketing, leading to an upward revision of its 2026 financial outlook.

McDonald's Corp. shares climbed Tuesday, rising 2.27% to $276.80, adding $6.15 as the fast-food giant benefited from a broader rally among traditional blue-chip stocks even as its own earnings report remains a week away.

Yelp's stock rises as the company expands AI services and strengthens partnerships, including a content licensing deal with OpenAI, enhancing its market position and revenue diversification.

Boeing's Q2 2026 results show revenue growth and positive cash flow, despite challenges with Air Force One charges. The company sees improved operational performance and maintains a strong order backlog.

Sanmina Corporation's shares fell 20.50% despite exceeding earnings expectations, as investor sentiment turned negative due to disappointing revenue guidance for the next quarter.

Verizon is offering up to $1,200 off Samsung's Galaxy Z Fold 8 and Ultra preorders with trade-in and eligible data plans, ahead of their official release.

Amkor Technology shares fell sharply despite reporting record earnings and revenue, as investors focused on a weaker-than-expected outlook and operational challenges in the communications segment.