Michael Burry has expanded his bearish bets against the AI semiconductor sector, shorting Micron, Nvidia, Applied Materials, and the iShares Semiconductor ETF while warning that valuations resemble the dot-com bubble.
Alibaba has banned employees from using Anthropic’s Claude Code, directing developers to use its in-house AI coding platform after concerns over user identification features.
Michael Burry warned that AI and semiconductor stocks may be approaching dot-com-style valuations, arguing that parts of the sector could face a correction of up to 30%.
Cloudflare has opened the waitlist for Monetization Gateway, a service that enables websites, APIs, datasets, and AI tools to charge for access through the open x402 payment protocol.
Meta shares jumped after a report said the company is developing a cloud business that will sell AI models and excess computing capacity to external customers.
Meta introduced Brain2Qwerty v2, a non-invasive AI system that converts brain activity into text using MEG recordings without requiring a surgically implanted chip.
The Japanese yen weakened to its lowest level against the U.S. dollar since 1986, raising concerns that Japan could intervene again to support the currency.
X has expanded access to X Money for select Premium subscribers in the United States, introducing digital payments and FDIC insurance coverage of up to $10 million.
Airwallex raised $320 million at an $11 billion valuation as the fintech company expands its financial infrastructure for a future where AI agents manage business payments and finance.
SpaceX plans to launch a direct-to-consumer Starlink mobile service in the United States, expanding beyond satellite broadband into the highly competitive wireless market.
Apple increased prices across several Mac, iPad, Vision Pro, and home device products, citing unprecedented cost inflation driven by a global memory shortage.
Micron reported record quarterly revenue, earnings, and guidance, significantly exceeding Wall Street expectations as surging demand for AI memory chips continued to drive growth.
Wendy’s shares surged 42% after attracting heavy attention from WallStreetBets, with record short interest fueling speculation that the stock could become the market’s next major short squeeze.
OpenAI introduced Jalapeño, a custom AI inference chip developed with Broadcom and designed to improve the efficiency and performance of running large language models.
Y Combinator co-founder Paul Graham argues that building a billion-dollar business is possible through sustained growth, identifying overlooked customer needs, and creating products founders genuinely want themselves.