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The Latest Breaking News from Benzinga

SK Hynix Earnings Could Decide Whether Wall Street Has Misread The AI Memory Selloff

Since last month, when memory stocks hit their highs, SK Hynix Inc. (NASDAQ:SKHY) has plunged nearly 47%, and SanDisk Corp. (NASDAQ:SNDK) has lost more than 50%. Micron Technology Inc. (NASDAQ:MU) and Western Digital Corp. (NASDAQ:WDC) have each fallen roughly 33%.

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OpenAI, Anthropic Workers Sound Alarm on AI Risks as Companies Race Toward Next-Gen Models

Employees at OpenAI and Anthropic have started a petition asking the U.S. government to support a system that would slow AI development to prevent models from advancing too quickly.

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Amazon, Apple, Meta, Microsoft Earnings on Deck: 33% of Benzinga Viewers Say This is Top Report to Watch

Four Magnificent Seven stocks report quarterly financial earnings this week, setting up for potential high volatility among technology sectors and several of the top market indexes. A poll of Benzinga viewers picks which report may be the top one to watch.

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Robinhood Q2 Preview: Prediction Markets, Meme Coins & Trump Accounts Could Power Earnings

Robinhood Markets (NASDAQ:HOOD) could credit new products for strong second-quarter results when the company reports earnings Wednesday after market close.

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Microsoft Could Swing $189 Billion in Value After Earnings

Earnings are set to hit the tape on Wednesday, after the closing bell, and options traders are already laying down markers on how violent the post-print reaction could be, according to Benzinga Pro.

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OpenAI’s $1 Trillion IPO Ambition Faces New Timing Test as Anthropic Gains Ground

OpenAI may be pushing back its public debut as it weighs whether market conditions can support its reported goal of a $1 trillion valuation. The company confidentially filed draft IPO paperwork with U.S. regulators last month, but subsequent reports suggest it could wait until 2027 before going public.

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Nasdaq 100 Enters Correction, SanDisk Sinks Over 50% From Peak: Stock Market Today

The Nasdaq 100 officially slipped into correction territory on Tuesday, falling more than 10% from its early June record high as the AI-driven sell-off deepened on mounting concerns over rising competition from China.

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The Magnificent 7 Just Broke a Key Technical Level: What Happened Next Last Time?

One of Wall Street’s most closely watched technical support levels has finally given way.

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Is the AI Chip Trade Actually Cracking? $1 Trillion Wiped Out in Korea — And It's Spreading

Six weeks. Four separate chip-stock selloffs. A combined $1 trillion wiped off Korea’s top four chipmakers. If you’re wondering whether the AI trade has hit a wall, you are not alone.

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Royal Caribbean CEO Touts ‘Double-Digit Growth’ As Record Pricing Boosts Q2 Results

Royal Caribbean Group (NYSE:RCL) shares spiked Tuesday after the cruise operator reported second-quarter 2026 results.

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China Can't Beat Sam Altman on AI, Expert Says—Here's Why It Doesn't Need To

China has stopped trying to beat Sam Altman’s OpenAI at building the world’s best AI, according to an expert who says the strategy of deliberately running months behind may be paying off.

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Is Elon Musk Borrowing Amazon Prime's Playbook for X Money?

Everyone sees X Money as Elon Musk‘s latest attempt to take on PayPal Holdings, Inc (NASDAQ:PYPL)-owned Venmo, Apple Inc‘s (NASDAQ:AAPL) Apple Pay and Robinhood Markets, Inc. (NASDAQ:HOOD). But investors may be asking the wrong question.

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The AI Memory Trade Is Crumbling: SanDisk, Micron and Western Digital Extend Brutal Selloff

Just a month ago, memory was Wall Street’s favorite AI trade. Today, it has become one of the market’s biggest casualties.

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Applied Digital Leverages Mystery Tech Titan for Cheaper Debt

Applied Digital Inc. (NASDAQ:APLD) investors have largely focused on the company’s roughly $20 billion lease commitment from an unnamed investment-grade hyperscaler. But management believes the biggest benefit of landing that customer may not be the revenue—it’s the cheaper financing that comes with it.

Benzinga

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Corning's AI-Fueled Expectations Crush the Stock

Corning Inc. (NYSE:GLW), a supplier of specialty glass for Apple Inc.’s iPhone and Apple Watch, stock fell sharply Tuesday despite reporting better-than-expected second-quarter 2026 results, as investors focused on revenue guidance that largely matched Wall Street expectations after a year of AI-driven gains.

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Nvidia's Potential $250 Billion OpenAI Financing Deal Is Reviving a 1990s Tech Bubble Habit, Analyst Warns: 'Usually Don't End Well'

While the structure of Nvidia Corp.‘s (NASDAQ:NVDA) potential financing to help OpenAI lease a massive Ohio data center remains unclear, Seaport Research analyst Jay Goldberg expressed caution about such an arrangement.

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Micron, Nvidia, AMD on Watch as Asia's Chip Selloff Sends Warning to Wall Street

The chip-stock bloodbath that started in Seoul overnight is crossing the Pacific — and Wall Street’s premarket screens are flashing red.

Benzinga

Tesla's Optimus May Soon Have Company as China's BYD Confirms Its First Humanoid Robot Will Debut in August

Chinese electric vehicle giant BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) reportedly confirmed on Tuesday that its first humanoid robot will formally debut in August at its Di Space experience venues, pushing the automaker into a robotics contest already drawing Tesla Inc. (NASDAQ:TSLA) and other carmakers.

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news in one place.

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Google's Antitrust Woes Deepen As EU Ruling Sparks Potential $10 Billion Legal Threat: Report

Alphabet Inc.-owned (NASDAQ:GOOG) (NASDAQ:GOOG) Google’s years-long regulatory fight in Europe has intensified after its first defeat under the EU’s new digital competition rules, clearing the way for private damages claims that could total as much as $10 billion.

Benzinga

Trump's Zombie Tariffs Are Back— and Top Economist Justin Wolfers Says It's a 'Never-Ending 24/7 Saga'

President Donald Trump’s sweeping import taxes have returned from the dead, earning the moniker “zombie tariffs,” and economists warn the chaotic policy is wreaking havoc on U.S. businesses.

Benzinga

Kalshi's Flight-Cancellation Betting Is Back— Now Restricted to JFK And Blocked From Anyone Who Could Cause a Crash

Kalshi revived its controversial flight-cancellation market with a restricted contract tied to New York’s John F. Kennedy International Airport, weeks after security concerns forced the prediction-market operator to pause wider wagering.

Benzinga

Rep. Garcia Grills Taylor Farms CEO Over Trump Ties Amid Cyclospora Lettuce Outbreak: 'Tried to Distance Themselves...'

Rep. Robert Garcia (D-Calif.), on the House Oversight Committee, is investigating whether Taylor Farms used its White House connections to influence the federal response to a nationwide cyclospora outbreak linked to its recalled lettuce.

Benzinga

RFK Jr. Accuses Fauci of ‘Incalculable’ Harm as Rand Paul Revives Claims of a COVID ‘Coverup From the Very Beginning’ Ahead of Senate Showdown

Health and Human Services Secretary Robert F. Kennedy Jr. blamed Dr. Anthony Fauci for "incalculable damage" to public trust after Sen. Rand Paul (R-Ky.) released more than 1,000 pages of Fauci’s pandemic-era journals on Monday ahead of a Senate hearing on Wednesday.

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Elissa Slotkin Warns Trump's Generic Drug Tariffs Risk Raising Prescription Costs: 'You, the Customer, Will Pay That Price'

Sen. Elissa Slotkin (D-Mich.) warned that President Donald Trump’s proposed tariffs on generic prescription drugs could increase costs for patients, arguing that allowing Medicare to negotiate broader drug prices would be a more effective way to lower healthcare expenses.

Benzinga

John Thune Pushes Back on Trump’s Call to Cancel August Recess Over SAVE America Act: ‘Show Me How This Ends’

Senate Majority Leader John Thune responded cautiously to President Donald Trump‘s call to cancel the Senate’s five-week August recess to debate the SAVE America Act, saying he is open to the idea only if there is a realistic chance of success and not merely to hold unproductive procedural votes.

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