Liquid cooled servers in an installation at the Global Switch Docklands data centre campus in London, UK, on Monday, June 16, 2025. Bloomberg | Bloomberg | Getty Images BEIJING — Yangtze Memory Technologies is rapidly gaining market share in a critical chip sector, according to Counterpoint Research. The company, also known as YMTC, landed in…
Alphabet on Wednesday unveiled its new Pixel 11 smartphone lineup, putting its most agentic version of Gemini yet at the center of the devices just weeks before Apple is expected to roll out a rebuilt Siri powered by Google’s AI models. The new lineup includes the Pixel 11, Pixel 11 Pro, Pixel 11 Pro XL…
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks after the company’s initial public offering at the Nasdaq MarketSite in New York on May 14, 2026. Michael Nagle | Bloomberg | Getty Images Cerebras Systems raised its full-year guidance in the second earnings report following the chipmaker’s IPO in May. But the stock tumbled about…
Nicolai Tangen, CEO of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Jan. 29, 2025. Naina Helén Jåma | Bloomberg | Getty Images Norway’s $2.3 trillion sovereign wealth fund reported a record half-year profit of more than $182 billion on Wednesday, as a rally in Asian technology stocks helped the fund…
Gemini AI signage during the Google I/O Developers Conference in Mountain View, California, US, on Tuesday, May 19, 2026. David Paul Morris | Bloomberg | Getty Images DeepMind’s new boss is set to face intense pressure to close the AI performance gap with OpenAI and Anthropic. OpenAI and Anthropic have released new systems in recent…
Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media following the company’s “Japan AI Ecosystem” reception in Tokyo, Japan, on Thursday, July 16, 2026. Kiyoshi Ota | Bloomberg | Getty Images The first three-plus years of the artificial intelligence buildout has been paid for through record amounts of equity and…
People walk by a giant Spiderman inflatable installation at the south courtyard plaza of Shuncheng Shopping Center on August 2, 2026 in Kunming, Yunnan province, China. Vcg | Visual China Group | Getty Images Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot…
Jefferies on Monday downgraded Apple. Edison Lee, a top analyst at Jefferies known for frequent ratings and price target changes, cut the stock to a sell-equivalent from hold. He also lowered his Apple price target to $263.66 per share from $285.56, implying nearly 16% downside from Friday’s close. Lee cited supply chain checks showing that…
The Club’s top 10 things to watch Monday, Aug. 10 — Today’s newsletter was written by Jeff Marks, the Club’s director of portfolio analysis 1. Wall Street is headed for a mixed open this morning following last week’s 3.5% surge to new highs for the S & P 500 . There’s still little clarity on…
AI stocks came roaring back this week as investors worked through another wave of corporate earnings and a surprisingly weak July jobs report . The major averages notched a second straight week of gains, with the Dow Jones Industrial Average and S & P 500 both touching record highs. The blue-chip index closed at a…
