News
The day at a glance · 4 min read
Mood · Risk-Off
-35
Sentiment, −100 to +100
PLTR week gain
29%+29%
AI & Semiconductors
NVDA week gain
15%+15%
AI & Semiconductors
TangleLab NSF grant
$5.00 million
Cloud & Enterprise Infrastructure
Key driverSharp selloff in AI momentum stocks following disappointing SpaceX earnings and AMD weakness renewed skepticism over sustainability of AI investment returns
Daily briefTech Sector· Money365.Market AI ·

AI Selloff Deepens Amid Earnings Skepticism

Tech shares tumble as SpaceX results renew questions over AI investment returns; Google faces leadership shuffle and India data center backlash

Tech Market Overview

Bearish
AMD
Technology stocks came under pressure as a selloff in Asian shares gathered pace following sharp losses in SpaceX and Advanced Micro Devices ($AMD) that renewed skepticism over the sustainability of returns from the AI investment boom. U.S. stock index futures traded with little direction as investors assessed another round of corporate earnings and monitored diplomatic developments involving Iran. Nasdaq futures slipped while Dow and S&P 500 futures inched higher as earnings season continued to dominate investor attention. Wednesday's trading session gave back a slice of the multi-day rally as SpaceX's inaugural quarterly print spooked the AI-capex trade and $AMD got repriced on a Musk-driven chip switch.

AI & Semiconductors

Neutral
AMDPLTRNVDA
AI momentum stocks tumbled as earnings results from key chip players disappointed investors and raised fresh questions about the AI spending cycle.
$AMD faced selling pressure across multiple sessions, contributing to broader weakness in semiconductor names. Despite the broader selloff, Palantir Technologies ($PLTR) surged 29% over the past week, while NVIDIA ($NVDA) climbed 15%, outperforming the broader market and defying investor Michael Burry's warning of future AI investment "ghost towns." A jacked-up tech ETF that enhances daily exposure to leading chip stocks saw investor interest despite the volatility, though analysts cautioned that such vehicles demand a strong stomach in the current environment.

Cloud & Enterprise Infrastructure

Neutral
HPEAVGO
Hewlett Packard Enterprise ($HPE) partnered with Rigetti Computing and the Pittsburgh Supercomputing Center to build TangleLab, a hybrid quantum-classical supercomputing testbed funded by a $5.00 million National Science Foundation grant. Construction is slated to begin in September 2026, underscoring how $HPE is positioning itself at the intersection of quantum computing and AI infrastructure. The company's involvement in the project, alongside its recent focus on AI systems and networking, highlights its strategy to deepen its AI infrastructure capabilities through quantum partnerships.
Broadcom ($AVGO) remained in focus as analysts highlighted AI growth opportunities and resilient execution.

Big Tech Moves

Neutral

Google India data center investment

$15 billion

Promised jobs

188,000
GOOGL
Alphabet ($GOOGL) announced a major AI leadership reorganization, with DeepMind CEO Demis Hassabis stepping down from his role to become chief scientist of Alphabet and chair of DeepMind. CEO Sundar Pichai and analysts moved to downplay AI talent exit fears, though the departure of the company's most senior AI engineer weighed on shares before $GOOGL stock ticked higher in premarket trading. Separately, the company's $15 billion data center investment in India faced growing opposition from environmental activists concerned about water supply and wildlife impacts in the port city of Visakhapatnam. Google stated the project will comply with all applicable water laws and use air cooling technology to significantly reduce water usage, while Andhra Pradesh officials called activist concerns incorrect and misleading but remained open to feedback. The promised investment is expected to create 188,000 jobs.

Mobility & Autonomous Tech

Bearish

Uber autonomous capex commitment

$10 billion

Lucid cost savings plan

$1.4 billion
UBER
Uber Technologies ($UBER) stock eyed its worst day in over eight months amid robotaxi spending concerns and a cautious third-quarter forecast. The company aims to deploy robotaxis in 28 cities in the long term and has committed to over $10 billion of capital over the coming years to scale autonomous vehicles. Lucid Group announced it is testing 100 robotaxis with $UBER and Nuro while executing a $1.4 billion cash overhaul as part of a broad operational reset.
Uber shares fell sharply despite the company's expansion plans in autonomous technology partnerships.

Memory & Storage Standards

Neutral
GOOGL
SK hynix and SanDisk introduced a new High Bandwidth Flash technical specification through the Open Compute Project aimed at AI inference systems. Partners including $GOOGL and Tenstorrent are involved in defining the guidelines for this HBF standard, which arrives as AI workloads put more pressure on memory and storage infrastructure. SK hynix is a major memory and storage supplier with products that sit at the core of data centers and AI hardware. The new HBF specification represents an industry effort to create open standards for next-generation AI flash memory requirements.

Important Disclaimer — Not Investment Advice

Disclaimer: This article is provided by Money365.Market for general information and educational purposes only. It is not financial advice, a personal recommendation, or an inducement to buy, sell, or invest in any security or product. Capital is at risk and the value of investments can go down as well as up; past performance does not indicate future results. You should seek independent advice from an FCA-authorised adviser before making any financial decision.

Read the full disclaimer — 8 further points, including total-loss risk, our regulatory status and conflicts of interest

Nothing here is an offer or a solicitation to buy or sell anything, and reading it creates no advisory or fiduciary relationship between you and Money365.Market. Any decision you take is your own.

  • You can lose money — including all of it. Individual companies can and do fail, and some of the assets discussed can fall to zero. Only commit money you can afford to lose, and never borrow to invest on the strength of anything you read here.
  • Forecasts are opinion, not fact. Any valuation model, scenario, fair-value range, estimate or other forward-looking statement is illustrative, rests on assumptions that may prove wrong, and is never a price target, a forecast of actual outcomes, or a promise of any return.
  • Published at a point in time. Figures were believed accurate on the publication or last-updated date shown above and are not maintained afterwards; we are under no obligation to update them. Market and company data comes from third-party sources and is provided without warranty of accuracy, completeness or timeliness.
  • Automated content. This brief was compiled by an automated pipeline from validated news and market-data sources and passed through editorial and compliance checks. Automated content can still contain errors — verify anything you intend to rely on.
  • We are not regulated. Money365.Market is not authorised or regulated by the UK Financial Conduct Authority, is not registered with the U.S. Securities and Exchange Commission or FINRA as an investment adviser or broker-dealer, and is not a tax adviser. We hold no licence to give personal financial advice and do not do so.
  • Interests and independence. Money365.Market is not affiliated with, endorsed by or sponsored by any company, fund, exchange or platform mentioned, and is not paid to feature them. The author may hold positions in securities or assets discussed. The site earns revenue from advertising, subscriptions and, where labelled, affiliate links; this does not influence what we publish.
  • Your jurisdiction matters. Tax treatment, contribution limits, product availability and investor protections differ by country and can change. Speak to a qualified tax professional for tax matters, and to a locally licensed adviser if you are outside the UK.

Full terms: Disclaimer · Terms of Service · Privacy Policy