TECHNOLOGY

SpaceX shares face volatility with a 3.11% drop as insider share unlock approaches, amid broader market pressures and macroeconomic challenges affecting high-growth technology stocks.

The Dow Jones rose as Target's strong earnings offset mixed results from Lowe's and TJX. Biotech stocks surged, and investors awaited Federal Reserve meeting minutes amid bond market volatility.

X Money, Elon Musk's financial service, offers a 6% yield on deposits, surpassing traditional banks. Regulatory scrutiny arises over sustainability and insurance coverage, as the service expands to select users.

Unitree's stock surged nearly 500% on its debut on China's stock market, highlighting intense investor interest in the burgeoning humanoid robotics sector, despite geopolitical tensions and regulatory challenges.

South Korea's KOSPI index fell 5.80% amid a global semiconductor selloff, rising bond yields, and Middle East tensions, with retail investors seeing a buying opportunity despite institutional selloffs.

Pinterest's stock shows signs of recovery, driven by AI innovations and user growth, despite recent setbacks from underwhelming sales guidance and insider selling activities.

Google Home and Nest devices faced a global outage, affecting users' ability to control smart home products. The disruption, linked to server-side issues, impacted users across multiple continents.

The iPhone 18 Pro and Pro Max are expected to feature a 2-nanometer chip, satellite-based 5G, and a redesigned rear finish. Apple may unveil these alongside its first foldable iPhone in September.

Leaked design sketches suggest Samsung's Galaxy S27 may feature a horizontal camera module, marking a significant design shift. This change could offer practical benefits and a visual refresh for the flagship line.

GigaDevice Semiconductor's shares rose 6.35% due to strong memory chip demand and anticipation of first-half results, reflecting a 250% annual gain. The company benefits from tight supply and rising prices.

ChangXin Memory Technologies' shares have surged since its IPO, reflecting China's push for semiconductor self-sufficiency amid geopolitical tensions and AI-driven demand.

Cerebras Systems' stock surged 15.67% amid ongoing volatility, reflecting market uncertainty about its rapid growth and competition with Nvidia in the AI chip sector.

Micron Technology's stock surged over 5% due to increased demand for AI memory chips and positive analyst upgrades, pushing shares above $1,000 and highlighting the company's strong financial performance.

Developers reported access issues with GitHub, though independent monitoring services showed mixed results. Downdetector noted a spike in complaints, but GitHub's status page showed no active incidents.

SK Hynix's shares rise due to AI memory demand and strategic partnerships, despite volatility. The company plans significant investments in manufacturing to meet future demand, with analysts remaining optimistic.

South Korea's KOSPI index surged to a three-week high, driven by semiconductor gains and easing inflation concerns, reflecting a dramatic market rebound amid AI-driven volatility.

Google's Pixel 11 series introduces advanced AI features, a new processor, and camera enhancements. The lineup, available for preorder, highlights Gemini Intelligence's expanded capabilities and addresses global memory chip cost increases.

SpaceX set a new record by launching two Falcon 9 rockets within 38 minutes, showcasing its rapid launch capabilities and operational efficiency across multiple sites.

Apple plans to release a second-generation HomePod mini this fall, featuring improved hardware and AI capabilities, as part of a broader smart home strategy including a new smart home hub.

Apple plans to release iPhone 18 Pro models in fall 2026, delaying standard versions until early 2027 due to supply constraints, marking a shift in its traditional launch strategy.

Elon Musk forecasts AI will comprise 99% of SpaceX's value within five years, with AI revenue surpassing other segments soon. SpaceX's AI growth highlights both opportunities and execution risks.

Google's Android 17 QPR2 Beta 3 update enhances security against call-forwarding fraud and expands interface customisation for Pixel devices, preparing for the next quarterly Feature Drop.

Facebook users have reported access issues, including blank screens and video playback problems, but Meta has not confirmed a widespread outage, leaving users to rely on independent trackers.

Elon Musk reverses his stance on Anthropic, acknowledging them as AI leaders. Amazon strengthens its partnership with Anthropic, investing billions and securing long-term cloud commitments.

Apple has classified the iPhone X as obsolete, ending official repair support for the device that introduced Face ID and OLED displays, marking a significant shift in Apple's product lifecycle.

CoreWeave's Q2 results show significant revenue growth, sparking debate among investors about its AI infrastructure expansion. Analysts are divided on whether the stock remains a buy or is overextended.

Elon Musk's 2025 Tesla compensation package, valued at $158.3 billion, highlights a 2.5 million times disparity with median employee pay, sparking debate on executive compensation and economic inequality.

SpaceX shares fell as investors assessed its AI investments and Starship progress. Despite recent gains, the stock remains volatile amid ambitious growth plans and substantial capital expenditures.

Google Gemini users reported widespread disruptions on Friday, affecting the AI assistant and its integrations across Google's ecosystem. The cause and resolution timeline remain unclear as of Friday afternoon.