SpaceX's $60 Billion Acquisition of Cursor Says AI Coding Is Real. Who Wins Next? AI coding is one of the most easily monetizable segments in the broader AI value chain. The recent completion of $Space Exploration Technologies Corp(SPCX)$ 's acquisition of Cursor on August 14 underscores strong capital interest in this space. Cursor has already achieved an annualized revenue of over $4 billion as of June this year, with a significantly higher share of enterprise customers. According to Battery Ventures' 2026 Enterprise Survey, Cursor's "any-use" adoption rate among enterprises stands at approximately 60%. Following the transaction, Anysphere's existing shareholders received a total of roughly 389.3 million shares of SpaceX Class A common sto
Memory Stocks Swing Wildly: Can AI and HBM Break the Traditional Cycle? Memory stocks rebounded broadly on Thursday, with $SK hynix (SKHY.US)$, $Seagate Technology (STX.US)$, $SanDisk (SNDK.US)$, $Western Digital(WDC)$ , and $Micron Technology(MU)$ all moving higher. The sector had been under pressure in recent sessions. On Wednesday, Treasury yields fell sharply and SK Hynix announced a massive share buyback, yet memory stocks still gave up early gains. The muted response to positive catalysts has brought one key question back into focus: Is the memory cycle approaching a peak, or are AI and HBM extending the traditional memory
Marvell Bears Spar With Bulls as Google Deal Bolsters Outlook $Marvell Technology(MRVL)$ bulls battled it out with bears looking to fade Wednesday’s gains that were fueled by a major commercial partnership with $Alphabet(GOOG)$ 's Google. Shares of the chipmaker swung between gains and losses Thursday after its 8% the previous session pushed eight of the 15 most commonly used technical indicators to flash warnings of a divergence or oversold conditions that could disrupt the rally. After yesterday's gains, the stock is now up 44% from its low on July 29. That could mean near-term caution or consolidation risk is elevated
QQQ Pulls Back as Whales Sell Over $70M in Puts: Is the Bottom Near? $Invesco QQQ(QQQ)$ continued to pull back on Thursday, falling about 1% intraday to around $709. Long-term Treasury yields moved higher again, keeping valuation pressure on technology stocks. Meanwhile, QQQ's options market saw a cluster of large put-selling trades. Traders are taking advantage of the pullback to sell downside risk while showing a willingness to take on QQQ exposure at lower levels. Over $70 Million in Put-Selling Activity Several large QQQ put sales appeared on Thursday: – Sep. 18 $685 Put: 37,000 contracts, about $29.42 million in premium – Sep. 18 $660 Put: 37,000 contracts, about $15.17 million – Sep. 18 $682 Put: 17,
Memory: Up to 10% Share Reduction, CPO Adds New Optionality Memory makers are no longer just printing profits — they are starting to retire serious amounts of stock. SK hynix could ultimately shrink its share base by nearly 10%, while Sandisk’s remaining authorization equals roughly 6.7%. Sandisk Fired First. SK hynix Just Raised the Stakes $SanDisk Corp.(SNDK)$ kicked things off by adding $14B to its repurchase authorization, leaving $15.5B available. At its Aug. 19 closing price, that is equivalent to roughly 6.6% of the share base. The company had already repurchased $4.5B of stock in the prior quarter. $SK hynix(SKHY)$ then raised the stakes. Its KRW40T ($28.7B) program will bu
Marvell's Google Win Reveals the Real AI ASIC War $Marvell Technology(MRVL)$ disclosed an expanded agreement with $Alphabet(GOOG)$ covering a broad range of custom products tied to the TPU ecosystem, including AI inference accelerators, NICs, storage controllers, memory interface controllers and near memory compute products. $Alphabet-A (GOOGL.US)$ also received warrants tied largely to future purchases of Marvell custom silicon. The market quickly interpreted the deal as a threat to Broadcom's historically dominant position around Google TPUs, sending Marvell higher and Broadcom lower. However,
Nvidia Earnings Preview: What Will It Take to Beat the Bar? $NVIDIA(NVDA)$ , the world's leading AI chip maker, is set to release its FY27Q2 earnings after market close on August 26. Being the last among the "Mag7" to report this season, the release has drawn global attention. Investors are primarily focused on the ramp up pace of Vera Rubin's revenue contribution and updated guidance regarding the China market. With numerous semiconductor firms recently beating estimates yet still declining because results missed the market's most bullish expectations, this report poses a significant test for Nvidia. FY27Q2 Core Financial Indicators – Revenue consensus estimate is $91.9 billion, up 97% YoY and 13%
Memory Stocks Rally Again: Is U.S. Policy Becoming the Next Big Catalyst? Memory chip stocks rallied again on Monday, extending their strong rebound from last week. $SanDisk Corp.(SNDK)$ surged 10.2%, $Western Digital(WDC)$ gained 6.8%, $Micron Technology(MU)$ rose 5.7%, and $SK hynix (SKHY.US)$ climbed 6.3%. Strong AI demand, rising memory prices, and a shift in the U.S. policy stance toward Chinese memory chips are all supporting the rally. U.S. Policy Adds to Supply Chain Reshuffling Recent reports indicate that the U.S. government is urging $Apple (AAPL.US)$ to seek
SanDisk's 80% Gross Margin Plan Turns Short Sellers Into Rally Fuel $SanDisk Corp.(SNDK)$ 's Investor Day blueprint for a sustained 80% adjusted gross margins triggered an immediate wave of short selling—only for those positions to get steamrolled by institutional buying. As management outlined mid-to-high teens revenue growth through fiscal 2030, an enterprise flash total addressable market (TAM) of 1.2 zettabytes by 2030, and adjusted operating margins near 75%, daily short volume more than doubled to 2.34 million shares, the highest since April 17. Traders positioned against the long-term targets. Institutional block buyers responded in force, driving more than $400 million in net inflows and sending the stock jumping 14%. The order flow