Archives - July 2026

South Korea’s stock market staged one of its biggest one-day rallies on record, with the KOSPI jumping 18% as Samsung and SK Hynix surged more than 20%.

Leopold Aschenbrenner’s Situational Awareness hedge fund reportedly lost around 90% of its value in just four weeks after heavily leveraged bets on AI infrastructure unraveled during a sharp sector-wide selloff.

Samsung reported the most profitable quarter in its history as booming demand for AI memory chips drove operating profit up 1,800% year over year, while revenue more than doubled.

Brokerages, startups, and retail investors are increasingly building AI agents that can monitor portfolios, analyze markets, and automate investing tasks around the clock, signaling a major shift in how Wall Street operates.

SK Hynix shares tumbled nearly 15% in Seoul as a global semiconductor sell-off intensified, driven by mounting concerns over AI spending, rising Chinese competition, and lofty chip valuations.

Apple reclaimed the title of the world’s most valuable company after its market capitalization climbed to nearly $5 trillion, overtaking Nvidia as investors reassessed AI spending and valuations.

SpaceX shares fell to a new all-time low of $110 as the post-IPO selloff continued, leaving the stock nearly 50% below its peak despite growing buying interest from ETFs.

Chinese memory chipmaker CXMT surged 466% on its market debut after raising $8.6 billion in Asia’s largest IPO of the year, becoming China’s most valuable listed company.

Allianz will acquire HSBC’s Singapore life and health insurance business for $2.09 billion, strengthening its presence in Asia while allowing HSBC to focus on higher-return banking operations.

SpaceX shares have fallen to a new all-time low, wiping approximately $1.48 trillion from the company’s market value in just 37 days and dropping well below their $135 IPO price.

South Korea plans to channel tax revenue generated by the AI boom into a new Future Adaptation Fund supporting education, technology, regional development, and young people.

SpaceX shares fell below $140 for the first time since the company’s IPO, reaching a new post-listing low after giving up most of their early trading gains.

Bending Spoons received about 800,000 job applications in 2025 but hired only 286 people, giving the Italian technology company an acceptance rate of roughly 0.04%.

SK Hynix began trading on Nasdaq after raising $26.5 billion in an oversubscribed ADR offering, with the proceeds set to expand AI memory chip production.

Crypto-focused venture capital firm Paradigm has raised a new $1.2 billion fund to expand its investments beyond digital assets into artificial intelligence and robotics.