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Technology

Apple drops 7%, Amazon surges 12% after earnings

TazaPulseJuly 31, 2026

Amazon shares surged on Friday while Apple dropped as investors reacted starkly differently to their June quarter earnings reports. Shares of Amazon were 12% higher in premarket trading, while Apple fell 7%. Both companies reported their June quarter earnings on Thursday with Amazon impressing the market while Apple disappointed. Apple’s earnings, revenue and iPhone sales...

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South Korea’s Kospi, Samsung, SK Hynix: meltdown to record rebound

TazaPulseJuly 31, 2026

TOPSHOT – Currency dealers monitor exchange rates in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on February 2, 2026. South Korea’s benchmark index Kospi tumbled more than five percent on February 2, in line with a sell-off across Asian markets amid fresh worries about an AI-fuelled tech rally that has...

Jim Cramer says this hedge fund’s blowup reveals the hidden risks of leverage

TazaPulseJuly 31, 2026

CNBC’s Jim Cramer said on Thursday that Situational Awareness’ collapse is a cautionary tale about the dangers of investing with borrowed money. “For two weeks, I’ve been telling you to get off margin, stop using borrowed money,” the “Mad Money” host said. “I didn’t want you to get caught up in what some over-leveraged hedge...

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We’re raising our Apple price target, seeing plenty of good despite memory crunch

TazaPulseJuly 31, 2026

Apple on Thursday evening reported quarterly beats on its top and bottom lines. But even the world’s greatest consumer products company is not immune to skyrocketing memory prices caused by massive shortages. Revenue in Apple’s fiscal 2026 third quarter ended June 27 increased 16% to $109.42 billion, ahead of the $108.65 billion expected, according to...

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Anthropic says Claude ‘gained unauthorized access’ to others’ systems

TazaPulseJuly 31, 2026

Dario Amodei, co-founder and chief executive officer of Anthropic, at Bloomberg House during the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 20, 2026. Chris Ratcliffe | Bloomberg | Getty Images Anthropic on Thursday said it discovered three instances where its Claude artificial intelligence models accessed the internet during an evaluation and “gained...

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Reddit CEO says Google’s AI Overviews can’t replace ’10 blue links’

TazaPulseJuly 31, 2026

Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty Images As Google continues pushing AI-powered summaries to users, sites like Reddit aren’t getting the kind...

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Nexus Data Centers in advanced talks to secure $15B for Google-backed Anthropic data center

TazaPulseJuly 31, 2026

Dario Amodei, co-founder and chief executive officer of Anthropic, during an interview on “The Circuit with Emily Chang” at Anthropic’s headquarters in San Francisco, California, US, on Thursday, April 30, 2026. Jason Henry | Bloomberg | Getty Images Morgan Stanley is the lead banker engaging in advanced talks to lend $15 billion to Nexus Data...

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Coinbase shares fall after crypto exchange posts disappointing second-quarter results

TazaPulseJuly 31, 2026

Jakub Porzycki | Nurphoto | Getty Images Coinbase shares dropped in extended trading on Thursday after the crypto platform posted a wider-than-expected loss for the second quarter, underscoring the continued troubles resulting from a deepening crypto winter despite its efforts to diversify revenue. Here’s how Coinbase performed in its quarter ended June 30, compared with what Wall...

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Reddit (RDDT) Q2 2026 earnings report

TazaPulseJuly 31, 2026

Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images Reddit reported second-quarter earnings on Thursday that beat...

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China’s open-weight model lead exposes America’s AI blind spot

TazaPulseJuly 31, 2026

Some of America’s biggest technology companies are pushing Washington to make open artificial intelligence a national priority as China continues to build its lead in the space. Their message exposes a gap in U.S. policy: America has a chip strategy for AI. Now it needs an open-model strategy. Supporters say open models can lower costs,...