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The Latest Breaking News from Benzinga

Betting Against Elon Musk's SpaceX Has Cleared More Than $7 Billion, Says Research Firm

Amidst the AI-induced boom and fears of a bubble, short-sellers identified an opportunity to bet against the rally. However, betting against Elon Musk-led commercial space flight giant Space Exploration Technologies Corp. (NASDAQ:SPCX) has turned out to be particularly profitable.

Mike Johnson’s Defense of Failed Congressional Stock Trading Ban Challenged by Thomas Massie: 'Political Gimmick' With a 'Poison Pill'

Mike Johnson’s Defense of Failed Congressional Stock Trading Ban Challenged by Thomas Massie: 'Political Gimmick' With a 'Poison Pill'

Rep. Thomas Massie (R-Ky.) criticized Speaker Mike Johnson’s (R-La.) attack on Democrats over a failed House vote, arguing Republican leadership could have banned congressional stock trading immediately without tying it to a voter ID provision.

Trump Administration Bans New Chinese AI Robots and Power Inverters Over National Security Fears: 'These Devices Could Create Supply Chain Vulnerabilities'

Trump Administration Bans New Chinese AI Robots and Power Inverters Over National Security Fears: 'These Devices Could Create Supply Chain Vulnerabilities'

The Federal Communications Commission’s latest restrictions target emerging Chinese technologies that U.S. officials say could threaten America’s AI infrastructure, critical supply chains and cybersecurity.

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Trump 'Exploiting' Crypto's Legal Loopholes and Enforcement Weakness, Says Richard Blumenthal: Demands First Family Divest All Digital Assets

Sen. Richard Blumenthal (D-Conn.) on Tuesday accused President Donald Trump of exploiting cryptocurrency regulatory gaps, arguing the Clarity Act in the current form does not do enough to prevent abuses.

Cathie Wood Bets Big on Nvidia Stock: Ark Buys $15.6 Million Worth of Shares as Jim Cramer Calls Chip 'Absurd' — Ark Loads Up on SpaceX, Tesla

On Tuesday, Cathie Wood’s Ark Invest stayed active in a volatile tech tape, adding to several headline growth names while trimming others. The most notable move was another broad push into SpaceX (NASDAQ:SPCX), followed by sizable trades in Tesla Inc. (NASDAQ:TSLA), Nvidia Corp. (NASDAQ:NVDA), Amazon.com Inc. (NASDAQ:AMZN) and Alphabet Inc.…

SK Hynix Stock Dips 2% in Wednesday Premarket After Profit Miss as Jim Cramer Calls the Results Not That 'Bad' (UPDATED)

(Editor’s note: This story and its headline have been updated to reflect SKHY’s premarket move.)

Bitcoin, Ethereum, XRP, Dogecoin Gain Ahead of Fed Rate Cut Decision: Analyst Asks Investors to 'Mark Your Calendar' for Next BTC Bottom

Leading cryptocurrencies rose slightly on Tuesday as investors weighed renewed tensions in the Middle East and the Federal Reserve’s upcoming decision on interest rates.

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All Iranian Missiles Intercepted, Says CENTCOM After Surprise Attack: Dow Futures Rise 63 Points, Oil Reverses Losses With Nearly 4% Gains

All Iranian Missiles Intercepted, Says CENTCOM After Surprise Attack: Dow Futures Rise 63 Points, Oil Reverses Losses With Nearly 4% Gains

Late Tuesday, U.S. stock futures edged higher as oil prices surged after the U.S. military said it intercepted a surprise Iranian missile attack, reviving concerns over Middle East stability and global energy supplies.

Meta Pledged 100% Renewable Energy in 2016: 10 Years Later, It's Ditching the Plan

The artificial intelligence boom is forcing Big Tech to rethink its clean-energy commitments. Meta Platforms (NASDAQ:META) is the latest example.

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%.

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

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.

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

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.

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

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.

Microsoft Could Swing $189 Billion in Value After Earnings

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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