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29 Jul 2026

Meta Earnings Miss Expectations as Massive AI Investment Drains Cash Flow by 91%

Meta reported disappointing Q2 2026 earnings with net income falling 14% to $15.85 billion while AI costs drove expenses up 55%. The company's free cash flow plummeted 91% to just $784 million from $8.55 billion a year ago, as capital expenditures reached $31.08 billion and Mark Zuckerberg raised the AI spending floor to $130 billion despite limited returns from projects like Muse Spark.

14 Sources

Qualcomm secures decade-long BMW deal to supply automotive chips for AI-driven platforms

Qualcomm has signed a long-term agreement with BMW to supply automotive chips for the automaker's next-generation vehicle platforms through the next decade. The deal includes Snapdragon Digital Chassis solutions covering digital cockpits, advanced driver-assistance systems, and automated driving technologies. This partnership intensifies competition with Nvidia and Mobileye in the automated driving market.

3 Sources

Brookfield and NextEra to Build $100bn AI Data Center Campus on Former Nuclear Weapons Site in Kentucky

Brookfield and NextEra Energy announced plans to transform a Cold War-era uranium enrichment facility in Paducah Kentucky into a $100 billion AI data center campus. The project includes 2 gigawatts of natural gas power plants and 2.6 gigawatts of battery storage capacity, marking one of the largest AI infrastructure investments in US history.

7 Sources

Marvell Technology plans $250M India investment to expand Bangalore facility and double headcount

Marvell Technology announced a $250 million investment in India over three years, doubling its workforce and expanding facilities in Bengaluru and Hyderabad. The move strengthens India as the company's second-largest R&D hub globally, focusing on advanced semiconductor solutions for AI, cloud infrastructure, and custom silicon development for hyperscalers.

5 Sources

Fiverr stock crashes 20% as AI automation decimates freelance marketplace and gig economy

Fiverr International Ltd. shares plummeted over 20% after reporting disappointing Q2 2026 earnings, missing revenue estimates by $2.6 million. The freelance marketplace cited accelerated AI adoption and large language model pressure as key factors displacing low-value transactional work. Oppenheimer downgraded the stock, forecasting revenue declines of 16% in fiscal 2026 and 38% in fiscal 2027, highlighting artificial intelligence's disruptive impact on digital freelancing platforms.

3 Sources

United Microelectronics raises 2026 capex to $2 billion, expands fabs for AI demand surge

Taiwan's United Microelectronics announced a major expansion, raising its 2026 capital expenditure to $2 billion from $1.5 billion to meet surging AI demand. The chipmaker will add cleanroom capacity at its Singapore facility and construct a new fab building at its Tainan campus in Taiwan, while reporting strong Q2 results with revenue up 17% year-over-year to $2.18 billion.

2 Sources

AI Agents Are Making Financial Decisions—But Who's Really in Control?

Financial institutions are deploying AI agents to handle payments and operational tasks, but a critical question emerges: how do you govern systems that act autonomously? From Santander's first AI-executed payment to multi-agent systems resolving incidents in minutes, the industry is discovering that trust frameworks and accountability matter more than speed.

10 Sources

Google DeepMind dismantles Nobel Prize-winning AlphaFold team in strategic shift to Gemini

Google DeepMind has dismantled the team behind AlphaFold, its Nobel Prize-winning AI system for protein structure prediction. Most original authors have been reassigned to Gemini-focused projects over the past year, while nearly a quarter have left the company. Key scientists including John Jumper have joined rival Anthropic, marking a strategic shift from dedicated research teams to AI-driven scientific research systems.

4 Sources

Teradyne Stock Surges 14.5% as AI Demand Drives Record Revenue and Semiconductor Test Growth

Teradyne stock soared 14.5% in after-hours trading after the company reported its second consecutive quarter of record revenue, reaching $1.33 billion—a 104% year-over-year increase. The semiconductor test equipment maker exceeded earnings expectations with adjusted EPS of $2.47, while forward guidance for Q3 dramatically surpassed analyst estimates, validating its position in the AI chip supply chain.

3 Sources

SK hynix operating profit surges 557% on AI boom, but shares tumble as expectations outpace reality

South Korean memory giant SK hynix posted record second-quarter earnings with operating profit jumping 557% year-over-year to $42 billion, fueled by explosive AI-driven demand for high-bandwidth memory chips. Despite the historic performance, shares plunged as results missed analyst forecasts and global AI selloffs intensified concerns about market sustainability.

18 Sources

Cyera acquires Oasis Security for $1B to secure proliferating AI agents and non-human identities

Data security company Cyera signed a letter of intent to acquire Oasis Security for approximately $1 billion, mostly in cash. The deal brings together Cyera's data security capabilities with Oasis's non-human identity platform to create a unified security solution for AI agents. As AI agents proliferate across enterprises, the acquisition addresses growing demand for cybersecurity that monitors agent behavior and manages access permissions.

2 Sources

28 Jul 2026

KLA Corp projects strong quarter as AI infrastructure spending fuels semiconductor demand

KLA Corp reported fourth-quarter revenue of $3.66 billion and forecast first-quarter revenue up to $4.2 billion, surpassing Wall Street estimates. The semiconductor equipment manufacturer expects accelerating momentum through 2027, driven by AI infrastructure buildout and rising demand for process control systems. Despite the upbeat quarter forecast, shares fell 8% in after-hours trading.

2 Sources

EssilorLuxottica AI glasses sales nearly double as myopia products fuel profit surge

Franco-Italian eyewear giant EssilorLuxottica reported a 15% rise in first-half adjusted operating profit, beating analyst expectations by nearly €300 million. The Ray-Ban maker's AI glasses produced with Meta almost doubled in sales during the second quarter, while myopia management products jumped 24%. Despite the smartglasses boom, questions remain about long-term growth as competition from Google and Apple looms.

3 Sources

Visa cuts 2,600 jobs as AI reshapes payments giant's workforce and operations

Visa is eliminating roughly 2,600 positions—7% of its global workforce—primarily in technology and product operations as CEO Ryan McInerney accelerates an AI-driven transformation. The payments giant plans to redirect savings toward growth areas including stablecoins, cross-border payments, and agentic commerce, while deploying AI tools that have already reduced product development teams from 10+ members to squads of two to four.

6 Sources

Seagate's Hard Drives See Massive Demand as AI Storage Boom Extends Capacity Commitments to 2028

Seagate reports cloud providers now account for 90% of its exabyte shipments as AI infrastructure boom drives unprecedented demand for high-capacity hard drives. The company has already allocated most nearline drive capacity through calendar 2028, with customers now planning storage requirements into 2029.

7 Sources

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