Fintech
1. Robinhood results beat estimates on meme-stock, crypto-trading boom
Robinhood beat Wall Street expectations for second-quarter earnings on Wednesday, as interest in meme stocks and cryptocurrencies soared, and said it continued to gain retail trading market share from rivals. (Yahoo Finance)
IT infrastructure
2. Intel shareholders sue chipmaker after job, dividend cuts cause stock plunge
Intel was sued on Wednesday by shareholders who said the Silicon Valley chipmaker fraudulently concealed problems that led it to post weak results, slash jobs and suspend its dividend, and caused its market value to sink more than $32 billion in a single day. (Market Screen)
3. Equinix raises annual adjusted core earnings forecast on strong data center demand
Equinix raised its annual adjusted core earnings forecast on Wednesday, betting on strong demand for its data center operation services amid growing adoption of generative artificial intelligence technology. (Reuters)
4. Exclusive: Samsung’s 8-layer HBM3E chips clear Nvidia’s tests for use
A version of Samsung Electronics’ fifth-generation high bandwidth memory (HBM) chips, or HBM3E, has passed Nvidia’s tests for use in its artificial intelligence (AI) processors, three sources briefed on the results said. (Yahoo Finance)
5. Belgium’s imec reports breakthroughs with new ASML chip printing machine
Belgium’s imec, one of the world’s top semiconductor R&D firms, on Wednesday reported several computer chip-making breakthroughs at a joint laboratory it operates with ASML, using the Dutch company’s newest 350 million euro ($382 million) chip printing machine. (US news)
6. Indosat reveals Southeast Asia’s largest DIOC
The DIOC was officially inaugurated by Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison, along with Simon Lin, President of Huawei Asia-Pacific Region, highlighting the strategic partnership between the two companies. (Telecom Review)
7. Sparkle completes quantum-safe NaaS innovation
Sparkle has announced the successful completion of a Network-as-a-Service (NaaS) proof of concept (PoC) centred around quantum-safe Internet use with the commercial launch planned for later in the year. (Capacity.)
Tech trends
8. Google antitrust ruling may pose $20 billion risk for Apple
Apple’s lucrative deal with Google could be under threat after a U.S. judge ruled that the Alphabet-owned search giant was operating an illegal monopoly. (Fox business)
9. Indonesia launches China-built anode plant for EV batteries
Indonesia’s President Joko Widodo inaugurated a new plant on Wednesday in Kendal, Central Java, jointly built by China’s BTR New Material Group and Singapore’s Stellar Investment. (CGTN)
10. Microsoft blames Delta for its struggle to recover from global cyber outage
Microsoft on Tuesday blamed Delta Air Lines for its dayslong struggle to recover from a global cyber outage that led it to cancel more than 6,000 flights. (WIBQ)
11. Google’s monopoly abuse ruling may aid Apple defense in antitrust case
Apple could be the winner after Alphabet subsidiary Google lost its fight with the U.S. antitrust enforcers earlier this week, with a ruling that supports the Cupertino Colossus’ defense in its own antitrust court battle with U.S. prosecutors. (MacDailyNews)
12. Boeing Starliner astronauts might get a ride home from SpaceX — in 2025
Butch Wilmore and Suni Williams — two veteran NASA astronauts piloting the first crewed test flight of Boeing’s Starliner spacecraft — have now been in space for 63 days, roughly seven weeks longer than initially expected. (KCRA)
AI
13. Lumen Technologies shares extend AI-fueled surge after rosy cash-flow outlook
Shares of Lumen Technologies (LUMN) surged 30% on Wednesday, extending gains from the previous session, after the telecommunications company boosted its annual free-cash-flow forecast due to demand related to artificial intelligence.(Yahoo Finance)
14. Siemens expands management board as focus shifts to AI
Siemens’ supervisory board aims to speed up the transition to a technology-focused enterprise by expanding its management board to seven members from five, the company said on Wednesday. (US news)
