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IREN Shares Slip 3.8% Despite Nvidia's Australia AI Endorsement
IREN shares dropped 3.8% even after Nvidia's Australia AI plan, which includes IREN's Bundey campus. But the 800 MW site isn't expected until 2028, and Nvidia's endorsement is not a contract.
Nikkei Recovers From Lows But Chip Rout Persists
The Nikkei 225 pared losses in afternoon trading but chip-heavy declines persisted, with Advantest down 6.5% and Tokyo Electron off 2.9%, underscoring a sector-wide correction.
T-Mobile's iPhone 18 Pro Deal: A Three-Year Retention Play
T-Mobile's $1,200 iPhone 18 Pro promotion is a three-year retention play, not a giveaway. The deal requires 36 monthly credits and premium plans, with implications for TMUS shareholders.
Tesla's Canada Tariff Puzzle: It's Not a Simple 25% Hit
Tesla faces a nuanced tariff situation in Canada, not a blanket 25% hit. CUSMA rules, Chinese EV quotas, and incentive eligibility are key factors.
Apple's $164B Rally: Market Bets Big on Premium Strategy
Apple shares surged 3.6% on Thursday, adding $164B to its market cap. The rally signals investor confidence in premium pricing and services growth.
Hulu's 'The Mob' Premiere Set for Oct 26: A New Test for Disney's Streaming Strategy
Hulu's new reality series 'The Mob' debuts Oct 26, offering Disney a chance to boost subscriber retention and test international distribution, but analysts say the impact on DIS stock will be limited.
Disney's 3% Ad Growth Puts Spotlight on Streaming Economics
Disney+ targets global advertisers, but DIS's 3% streaming ad growth raises questions about ad yield versus subscriber economics.
KOSPI Drops 2.18% as Samsung, SK Hynix Lead Tech Selloff
KOSPI fell 2.18% as Samsung and SK Hynix dropped over 3%, pulling the tech-heavy index below 7,000. Rising U.S. yields and oil prices pressure Seoul's semiconductor leaders.
CoreWeave's $104B Backlog Fails to Cushion 6% Stock Drop
CoreWeave stock dropped 6.1% to $89.12, erasing recent gains. The $104B backlog hasn't provided support as investors focus on massive capital spending and debt.
Micron Slips 4.9% as Investors Eye $50B Q4 Guidance
Micron (MU) dropped 4.9% to $977.41 as investors brace for a demanding Q4 earnings test, with $50B revenue and 86% gross margin guidance at stake.
ASX 200 Slips 1.2% as Miners Weigh; ASX Ltd Defies Decline
The ASX 200 dropped 1.21% to 8,712.9, driven by heavy mining losses, while ASX Ltd fell only 0.9% as trading volumes surged on volatility.