Asian stocks rebound as chip shares climb and oil prices ease
What's next: Investors are looking to earnings from Tesla and Alphabet this week for signs AI spending can support valuations.
Subject
#Alphabet
Asian stocks rebound as chip shares recover ahead of Big Tech earnings
What's next: Tesla and Alphabet report Wednesday, with investors looking for proof AI spending can sustain the market rally.
Asian stocks rebound as chip shares lift Seoul, Taipei about 3%
Why it matters: The bounce came as oil eased and investors shifted focus to Tesla and Alphabet earnings for proof AI spending can pay off.
Alphabet drops 4% as Gemini 3.5 Pro slips months behind schedule
What's new: Bloomberg reported Google's flagship AI model missed internal coding targets as OpenAI and Meta roll out newer rivals.
New York halts new 50-megawatt data centers for 1 year
Why it matters: The state became the first in the US to freeze large data center projects as AI power and water demands draw scrutiny.
Bloomberg, The Straits Times +3
Nasdaq drops 2% as AI sell-off hammers Micron, Nvidia and chip stocks
What's next: Investors are watching Micron earnings Wednesday for clues on whether the AI spending boom can still support rich valuations.
Bloomberg, BBC News (US & Canada) +3
Waymo recalls 3,900 robotaxis after 13 construction-zone incidents
What's new: The software fix follows freeway incidents in Phoenix and San Francisco, and Waymo has limited freeway service meantime.
Nvidia seeks at least $20 billion in its first bond sale since 2021
What's new: The chipmaker is marketing seven tranches from two to 30 years, with proceeds set for refinancing and other corporate needs.
Trump threatens 100% tariff on French wine over tech tax
Why it matters: The U.S. buys about one-fifth of French wine exports, putting roughly $2 billion in annual sales at risk ahead of the G7 summit.
Bloomberg, The Straits Times +1
42 U.S. state attorneys general probe OpenAI with subpoena
The request covers consumer and minors’ data, elderly users and concerns that chatbots could encourage criminal acts.
Antara News, ABC News
Waymo adds $29.99 monthly robotaxi plan in 3 US cities
Why it matters: The invite-only tier targets heavy riders as Waymo looks for new revenue while Alphabet's Other Bets losses remain steep.
US stocks rise as chip rebound lifts Nasdaq, Intel jumps 8.5%
What's next: Investors are watching Wednesday's CPI report for signs that higher oil prices could feed inflation and keep the Fed hawkish.
Meta falls more than 5% on report of possible AI stock sale
What's new: Meta is weighing a share sale that could raise tens of billions, though the company said no banks have been hired and no deal is set.
Earlier: Meta falls more than 5% on report of possible AI stock saleSeries: Meta · AI Funding Stock Sale · 3 chapters since Jun 6Meta drops 5% on report it may raise billions for AI push
What's new: Meta lifted its 2026 capital spending forecast to as much as $145 billion, adding to investor worries over AI costs.
Alphabet seeks $80 billion for AI buildout, with $10 billion from Berkshire
What's new: The Google parent plans $30 billion in underwritten sales and a $40 billion at-the-market program starting in the third quarter.