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U.S.-Iran military escalation has prompted Wall Street to reassess potential economic impacts, particularly regarding energy prices and their effects on consumers and corporate earnings.
Tencent posted a 65% surge in capital spending to 52.8 billion yuan in the second quarter as it builds AI infrastructure, with executives arguing the investments could yield superior long-term returns.
Anthropic reported second-quarter revenue exceeding $11.5 billion, more than 14 times the prior-year period, as the AI company prepares for a potential initial public offering.
Xpeng shares fell more than 9% in Hong Kong after the company issued weaker-than-expected third-quarter delivery guidance, though its robotics unit secured a $6.3 billion valuation.
Bitcoin surged past $80,000 for the first time in 15 weeks, gaining 28% over eight days and erasing three months of prior losses amid Treasury bond buyback announcements and White House support for crypto regulation.
Nvidia’s earnings report tests whether its new Rubin chips can sustain explosive growth amid investor concerns about AI spending sustainability and circular financing arrangements.
