MARKETS

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.

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.

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.

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.

Itron Inc.'s stock surged 22% after reporting second-quarter earnings that exceeded expectations, despite a revenue decline. The company updated its financial guidance, boosting investor confidence.

The Dow Jones Industrial Average rose 0.69% due to strong blue-chip earnings, despite a global selloff in semiconductor and AI stocks impacting the Nasdaq. Oil price drops also supported the Dow's gains.

Robinhood users reported access issues during a volatile trading session, highlighting the app's history of outages during high-demand periods. The company has faced legal scrutiny over similar past incidents.

Global chipmaker stocks have plummeted due to concerns over AI spending sustainability and rising competition from China, with major declines in South Korea, Japan, and Europe.

Apple has overtaken Nvidia as the world's most valuable company, driven by investor preference for its restrained AI spending strategy, ahead of its anticipated earnings report showing strong sales growth.

South Korea's KOSPI index plunged 10.84% due to a massive selloff in semiconductor stocks, triggering emergency trading halts and raising concerns over China's growing chip industry.

Wix shares rose 9.64% amid restructuring and AI initiatives, following a challenging year marked by legal scrutiny and disappointing earnings. Investors await the upcoming earnings report for further insights.

China's CXMT has surged in the stock market, challenging Samsung and SK Hynix with aggressive pricing, rapid expansion, and government backing, posing a significant threat in the global memory chip market.

Shares of Chinese memory chipmaker CXMT Corp exploded on their Shanghai trading debut Monday, surging 465.82% to close at 49.00 yuan, instantly catapulting the company to the top of China's stock market by valuation and marking one of the most spectacular initial public offerings in recent financial history.

SK Hynix shares fell 8.69% following a major IPO by Chinese rival CXMT, sparking a sector-wide selloff. The decline comes ahead of SK Hynix's crucial earnings report, adding to market volatility.

American Express shares rose 2.41% after reporting strong Q2 results, with increased revenue and card member spending. The company plans to reinvest in growth, focusing on premium products and younger customers.

SAP shares rose 6.77% following strong quarterly earnings and a new stock buyback program, reversing recent lows and boosting investor confidence in the company's cloud and AI initiatives.

Oracle's shares rose 4.59% following major U.S. government contracts, despite recent declines and mixed analyst sentiment. The contracts provide a stable revenue stream amid cloud infrastructure expansion.

Microsoft shares rose 2.05% as investors anticipate a pivotal earnings report, focusing on AI investments and Copilot integration. The tech sector sees broader gains amid Big Tech earnings week.

Nvidia's shares fell sharply after reports of a $250 billion financial guarantee for OpenAI's data center project, raising investor concerns about circular financing and insider selling.

IonQ's stock surged over 10% amid a volatile quantum computing market, as investors anticipate the company's upcoming earnings report, highlighting strong revenue growth despite ongoing unprofitability.

Micron Technology's stock rebounds from bear market territory, driven by strong AI demand and strategic moves in the automotive sector, despite recent volatility in the semiconductor market.

Rigetti Computing's stock surged over 12% following the announcement of a new collaboration to develop a hybrid quantum-classical supercomputing testbed, supported by a $5 million NSF grant.

Bitcoin sees modest gains amidst a prolonged bear market, influenced by geopolitical tensions and market dynamics. Analysts remain divided on its future, with key events ahead potentially shaping its trajectory.

Bitmine Immersion Technologies' stock rose 12% after revealing $11.8 billion in crypto holdings, driven by Ethereum. The company continues its share buyback program and focuses on Ethereum accumulation.