Intel did not lose $11 billion last quarter. That number is real, it is audited, and it sits at the top of the company’s own Form 10-Q for the quarter ended 27 June 2026 — and it is still one of the most misleading figures in large-cap technology. The loss was caused almost entirely by
The market did not sell Micron because a Chinese company started making high-bandwidth memory. It sold Micron because a Chinese company listed. ChangXin Memory Technologies closed its first session on Shanghai’s STAR Market on 27 July 2026 at 49 yuan, up 465.8% from an 8.66 yuan offer price, after raising 57.92 billion yuan — about
Applied Digital is not an AI story that needs the AI trade to keep working. That is the part the market keeps getting wrong. At $28.95 a share on 11 August 2026, Applied Digital (Nasdaq: APLD) carries a market capitalisation of roughly $8.44bn against approximately $36bn of contracted base-term lease revenue the company disclosed alongside
IREN’s revenue is going backwards. That single fact is missing from almost every bullish write-up of this stock, and it is the most important number in the file. In the quarter ended 31 March 2026, IREN Limited (Nasdaq: IREN) reported revenue of $144.8m — down from $184.7m the previous quarter — alongside a net loss
Palantir is not expensive because investors are irrational. It is expensive because it is doing something almost no software company has ever done, and the multiple is the market’s clumsy attempt to price that. At $172.52 a share on 11 August 2026, Palantir Technologies (Nasdaq: PLTR) carries a market capitalisation of roughly $414.4bn against full-year
Key facts Gold rose ~7% on the week to $4,340.70/oz — its strongest weekly showing since mid-January and a seven-week high. US nonfarm payrolls fell by 23,000 in July against expectations for an 80,000 gain, reshuffling Fed rate expectations. September Fed hike odds dropped to ~44%, down from 67% a week earlier, with the Fed
Riot Platforms has signed a 20-year lease for 191 megawatts of data-center capacity at its Rockdale campus in Texas, turning power once developed for bitcoin mining into $9.1 billion of expected contract revenue. Riot called the customer a “leading frontier AI lab” in its 10 August filing with the Securities and Exchange Commission, while Bloomberg
CoreWeave does not need to beat the Street on Tuesday, because CoreWeave already told the Street it would not. The company guided second-quarter revenue to $2.45bn–$2.6bn, a midpoint of $2.53bn that sits roughly $160m below the $2.69bn LSEG consensus that was standing when the guide was issued. That is not a company sandbagging into a
Nebius is not being valued on the quarter it reports on Wednesday. It is being valued on a promise it has to keep by December, and the arithmetic of that promise is the most under-discussed number in the AI-infrastructure complex. Nebius exited the first quarter of 2026 with annualised run-rate revenue of roughly $1.92bn. Management
Updated 8 August 2026. MU closed at $877.57 on 7 August (-0.44%). Citi cut its price target to $1,150 from $1,400 on 7 August while keeping a Buy rating, arguing DRAM and NAND pricing peaks in 2Q27. Street consensus is now $1,502 across 46 analysts (high $2,200, low $361). Our verdict is unchanged: bull $1,550,