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Apple commits $30 billion to Broadcom for U.S. chipmaking push - CNBC
business 2026/07/08 10:00:01

Apple commits $30 billion to Broadcom for U.S. chipmaking push - CNBC

Apple is expanding its Broadcom partnership in a $30 billion-plus chipmaking agreement, its largest American manufacturing commitment to date.

CNBC
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Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom Levels - Bloomberg.com
business 2026/07/08 08:43:08

Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom Levels - Bloomberg.com

After losing roughly $1 trillion in market value in less than two months, Nvidia Corp.’s stock is the cheapest it’s been since before the AI boom kicked off and sent the shares into the stratosphere.

Bloomberg
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Big Market Rotation Sends Korean Stocks Tumbling, China Surging - Bloomberg.com
business 2026/07/08 06:44:00

Big Market Rotation Sends Korean Stocks Tumbling, China Surging - Bloomberg.com

The AI rotation trade is gathering pace in Asia as investors pull money from the chipmakers that powered this year’s rally and hunt for cheaper ways to play the technology boom.

Bloomberg
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Scoop: Trump administration lifts restrictions on OpenAI's GPT 5.6 - Axios
business 2026/07/08 06:25:55

Scoop: Trump administration lifts restrictions on OpenAI's GPT 5.6 - Axios

OpenAI expects to do a wide release of GPT 5.6 this week following additional testing.

Axios
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Lawmakers probe growing use of Chinese AI models in U.S. companies - CNBC
business 2026/07/08 05:00:01

Lawmakers probe growing use of Chinese AI models in U.S. companies - CNBC

An ongoing House Committee investigation is probing the risks involved in the rise of AI built in China.

CNBC
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Oil prices surge as US strikes Iran, reversing slide to pre-war levels - Al Jazeera
business 2026/07/08 04:04:52

Oil prices surge as US strikes Iran, reversing slide to pre-war levels - Al Jazeera

Brent crude rises above $76 a barrel for the first time in two weeks amid renewed violence in Strait of Hormuz.

Al Jazeera English
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