Reality TV superstar and fashion mogul Kylie Jenner has finally found a buyer for her longtime California mansion, offloading the home for $15.3 million.
Kylie, 29, who is currently in a very high-profile relationship with Timothee Chalamet, purchased the sprawling 13,200-square-foot Hidden Hills dwelling for $12.05 million in late 2016, when she was just 19. It initially served as the on-screen star's primary residence for many years.
However, Kylie—who is the youngest sister of Kim Kardashian, Khloe Kardashian, Kourtney Kardashian, and Kendall Jenner—was ready for a change, having also listed her enormous concrete abode in the Holmby Hills for the even higher price of $48 million in December.
After listing the home for $20.25 million—nearly 10 years after she scooped up the enormous abode for almost half that price—Jenner sold the dwelling for $15.3 million, Realtor.com® can exclusively reveal.
Jenner carried out extensive renovations to her Hidden Hills starter home, which is now "designed for both everyday living and grand-scale entertaining," according to the listing, which was held by fellow reality TV star Josh Altman, of Douglas Elliman.

#jenner #kylie #Reality #years

Nvidia (NVDA) Jensen Huang was seated next to US Commerce Secretary Howard Lutnick on a G20 stage on Sept. 2, recalling the first time the two of them met, when he put a number on what the world is about to spend. "You recognize that the infrastructure buildout is not going to be in the tens of billions, but is going to be in the tens of trillions," Huang said. "That supply chain security is going to be necessary."
The venue was the US-hosted G20 innovation ministerial in Chapel Hill, NC, and the chief executive was in a fireside conversation with the Commerce secretary. Sam Altman appeared at the same event. The exchange was carried live and the "tens of trillions" line went out the same afternoon across the wires.
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#next #trillions

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Oracle (NYSE:ORCL) could become a weak link in the AI boom if OpenAI runs into trouble, according to Council on Foreign Relations senior fellow Sebastian Mallaby.
"If OpenAI runs into trouble, I think we can say that there's a good chance that Oracle may also run into trouble," Mallaby said on CFR's The Spillover podcast, pointing to Oracle's heavier debt load and dependence on OpenAI.
The warning comes as OpenAI CEO Sam Altman says he is seeing signs of "unsustainable silliness" in the wider compute buildout.
Mallaby said Alphabet, Amazon, Microsoft and Meta entered the AI boom with stronger balance sheets and more room to fund expansion internally. Oracle, by contrast, has relied much more heavily on borrowing to finance its data-center buildout.

#oracle #finance #runs

Sam Altman said concerns about AI water use were overblown but hard to shake.
He said an average modern data center uses as much water as a large office building.
He also said ChatGPT queries use far less water than it takes to grow a single almond in California.
Sam Altman says concern about AI water usage is a "meme" that doesn't actually hold any water.
The OpenAI CEO was asked to respond to resistance to AI, including concerns about water consumption, on the premiere episode of the Sources podcast with Alex Heath, published Tuesday.

#concerns

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
OpenAI revealed that its nascent advertising business has achieved a $1 billion annualized revenue run rate, a significant milestone reached within just 200 days of its inception.
The Sam Altman-led company **** ured on Monday that its ads are distinctly marked and do not affect ChatGPT's responses. Moreover, advertisers are not given access to users' private conversations, reported CNBC.
The advertising arm, which is barely 200 days old, supplements OpenAI's existing revenue channels, such as enterprise solutions, consumer subscriptions, and usage-based application programming interfaces.
In a press release, the company stated, "Our next phase of growth will bring ChatGPT Ads to more markets and introduce additional formats, objectives, buying options, and measurement capabilities." OpenAI also intends to explore novel ways for businesses to engage with consumers more organically within ChatGPT.

#within #benzinga #finance #altman

OpenAI revoked Cursor's API access after **** eX's $60 billion acquisition, citing Musk's pattern of contract violations, though OpenAI served just 5% of traffic.
SpaceX's Colossus clusters, targeting 1 million H100 equivalents, now power Cursor's $4 billion revenue base, eliminating dependence on rival AI suppliers.
Analysts set a $219 average price target on **** eX, representing over 50% upside, as AI vertical integration mirrors the playbook that collapsed launch costs.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and **** eX didn't make the cut. Grab the names FREE today.
The long-running dispute between OpenAI CEO Sam Altman and Elon Musk has simmered for years, rooted in Musk's exit from the AI lab he co-founded and his subsequent legal and public challenges over its direction. That rivalry just moved from boardroom barbs to operational consequences.

#openai #grab #altman

Gwyneth Paltrow is reportedly changing her mind about meeting billionaire Sam Altman.
The actress's ******* ociation with the ultra-wealthy has often drawn criticism, and recent reports of a proposed dinner with the OpenAI CEO have intensified backlash.
Months ago, Paltrow had sparked a firestorm after featuring in an advert for an Israeli luxury real estate company.
Lumeimages / MEGA
Sources close to the "Iron Man" star revealed she made a complete U-turn about hosting a private dinner for the 41-year-old techpreneur.

#gwyneth #openai #months #israeli

OpenAI, one of the world's fastest-growing AI companies, filed its confidential paperwork for an IPO with the Securities and Exchange Commission (SEC) in June. CEO Sam Altman is reportedly targeting a valuation of at least $1 trillion before it goes public. It was valued at $852 billion after its latest funding round on March 31.
OpenAI hasn't set a firm timeline for its public debut yet, but CFO Sarah Friar recently said in an internal meeting that it would be "a public company in 2027." Let's see how fast OpenAI is growing, what challenges it faces, and what its market debut might look like next year.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In late 2024, OpenAI had an annualized revenue run rate (ARR) of $3.7 billion. Its ARR rose to about $20 billion at the end of 2025, $25 billion in early 2026, and over $40 billion in Aug. 2026.
That acceleration was driven by its launches of ChatGPT Plus and ChatGPT Pro, which cost $20 and $200 per month, respectively; its growth among enterprise customers, and the expansion of its developer ecosystem with more application programming interfaces (APIs).

#public #growing #company

Andrew Garfield has opened up about his desire to escape the Hollywood spotlight one day.
The Amazing Spider-Man star has spent much of the past year working on back-to-back projects, including the new Enid Blyton adaptation The Magic Faraway Tree, the action period drama The Uprising and Luca Guadagnino's Sam Altman biopic, Artificial.
In a new interview with Variety, Garfield, 43, was asked if he ever thought about leaving his career in the public eye behind.
"All the time," Garfield admitted.
"I've worked a lot this year. I've done like 11 months, 12 months, straight back-to-back projects. I want people to see those projects, so I'm gonna have to tell people about them. I get that. But if I had my druthers, people would just see them, and I could go whittle wood in the Somerset countryside and think about what the birds might be doing."

#projects

Gwyneth Paltrow is reportedly holding a "private, off-the-record al fresco dinner" for OpenAI CEO Sam Altman at her Hamptons home.
Paltrow received backlash for hosting Altman, with some social media users calling the move "tone-deaf."
Paltrow took the criticism in stride, posting mock private dinner invitations for various pop culture figures including Shrek and M3gan.
Gwyneth Paltrow is unbothered by the backlash toward her alleged dinner for OpenAI CEO Sam Altman.
After Puck reported that Paltrow would be holding a "private, off-the-record al fresco dinner" for Altman in the Hamptons, some social media users slammed the event as "tone-deaf" and "like an episode of Black Mirror."

#hamptons #record

American AI companies are collectively worth trillions of dollars, and lawmakers, ***** el-winning economists, and AI executives themselves are asking whether ordinary citizens should own a piece of them.
Sam Altman, CEO of OpenAI, has been discussing a plan to give the U.S. government a 5% equity stake in his company, according to a Financial Times report from early July. Altman wants other leading AI firms to do the same, with equity flowing into a government-run fund modeled on Alaska's Permanent Fund, which invests oil wealth and distributes annual payments to residents. The talks are in early stages, and any deal would likely require an act of Congress.
The proposal comes as public opinion on AI has turned sharply negative. More than 200 economists, including 16 ***** el laureates, have warned that AI could put millions of workers out of jobs within years, not the decades that previous waves of automation required. A fund could cushion blow, if it's structured properly.
Altman first raised the idea with the Trump administration in 2025, according to CNBC, and spent the next year building his case. OpenAI published a formal proposal in April calling for a "Public Wealth Fund" that would give every citizen, including the tens of millions of Americans who don't own a single share of stock, a stake in AI-driven growth.
Each American's share of the proposed stake would be worth between $125 and $146, depending on whether OpenAI goes public at its target valuation of $1 trillion or stays at its current $852 billion. That's a fraction of what Alaska's Permanent Fund typically pays to the state's more than 600,000 residents. Even in a down year, its payouts are robust: the Permanent Fund delivered $1,000 per resident in 2025, its lowest payout in five years. Because the fund is worth more than $91 billion, having been built over five decades on continuous oil revenue and diversified investments, its dividends are consistent and high enough to mean something to each person.

#fund #altman #stake #economists

Some of the world's most powerful tech billionaires think your next job posting could come from another planet. Elon Musk, Jeff Bezos, and Sam Altman have all predicted a future where humans live and work in ******* e. Now, Voyager Technologies founder and CEO Dylan Taylor is backing them up—and he's putting a very soon timeline on it.
According to Taylor, you could be commuting to the moon within a decade.
"Humans will definitely be living and working in ******* e," the billionaire ******* e exec exclusively told Fortune.
"The next step would be the moon. That'll happen in the 2030s—probably early 2030s," Taylor added. "We'll have a moon base, people living and working on the moon. You'll be able to look up at the moon and see lights on the moon."
Technically, Taylor points out that a tiny portion of humanity is already working in ******* e at the International ******* e Station, which has had "humans continuously up there for 26 years." But the CEO added that the industry is "working actively" on scaling that up from a handful of trained astronauts to the general population.

#working #humans #next

Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
You know that saying, "never be the first to arrive at a party or the last to go home and never, never be both."
We don't think OpenAI CEO Sam Altman has ever heard that.
Chief Revenue Officer Denise Dresser, who has been with OpenAI for only eight months, this week announced on LinkedIn that she was leaving the company to "pursue other opportunities."
Just a few months ago, in April, Dresser told CNBC regarding OpenAI's enterprise customers,:"I just have never seen this level of conviction spread so quickly and consistently within the industries."

#dresser #tell #chief #revenue

Sam Altman's push for a $1 trillion OpenAI IPO is on a collision course with SoftBank's need to repay a $40 billion bridge loan early next year, creating real tension around the deal's timing and valuation. All this tension matters for Microsoft (NASDAQ: MSFT) and Nvidia (NASDAQ: NVDA) shareholders, because both companies have meaningful OpenAI exposure on their balance sheets and in their narratives.
OpenAI filed a confidential S‑1 with the Securities and Exchange Commission in June and sits at a private post‑money valuation of around $852 billion after its March 2026 funding round. Reports put its 2025 revenue near $13 billion and its 2026 revenue near $2 billion per month, numbers that support a high valuation multiple, but not a stress‑free one. Altman has told investors he will not take the company public below $1 trillion, so the IPO must clear that bar, or the listing will stay on hold.
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To fund its expanded stake in OpenAI, SoftBank arranged an unsecured $40 billion bridge loan that matures in March 2027. Bridge paper exists to carry a borrower into a specific liquidity moment, which in this case lines up with a fourth-quarter 2026 or first-quarter 2027 window for OpenAI's IPO. If public markets balk at putting a $1 trillion valuation on the ChatGPT developer, SoftBank will either have to refinance at tougher terms or the company will have to accept a lower market cap -- an outcome that could ripple through its broader AI story.
Microsoft owns roughly 27% of OpenAI after committing about $13 billion to it a few years ago, and it's in talks to add a bit under $10 billion more to its stake in the new funding round. A trillion-dollar IPO would turn that stake into one of the most valuable strategic holdings in corporate history, which supports the long‑term AI infrastructure thesis around Azure and Copilot. The risk here is that SoftBank's need for speed will push OpenAI to go public before the economics of enterprise AI are stable, leaving Microsoft with headline valuation gains but more scrutiny on capital intensity and on an AI partner whose stock could swing hard.

#bridge #signal

Roger Altman of Evercore (EVR) argues the S&P 500, up 10% year to date and 18% over 12 months, is shrugging off every macro headwind.
Goldman Sachs (GS) flags hyperscaler capex has consumed roughly 95% of operating cash flows, with projected AI spending reaching $2.1 trillion through 2027.
Record corporate profits of $4,427 billion in Q1 2026, up 13% year over year, powered 86% of S&P 500 companies to beat consensus estimates.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Evercore didn't make the cut. Grab the names FREE today.
Roger Altman, founder and senior chairman of Evercore (NYSE:EVR), made an appearance on CNBC on August 3 to argue that the stock market is absorbing every macro punch thrown at it.

#altman #every #Macro #sachs

It was announced that in 2028, a new WNBA franchise will reside in Cleveland, Ohio. In a live-stream unveiling on August 4th, a presentation group include Cleveland Cavaliers president of basketball operations Koby Altman, it was revealed what the newest chapter of Cleveland's part in the WNBA.
The name decided upon is the Cleveland Sirens. The name was chosen "for Lake Erie's power and pull".
The last time there was a WNBA franchise in Cleveland, it was under the Cleveland Rockers, who eventually were dissolved as Cavaliers owner Gordon Gund no longer wanted to house the franchise.
For those hoping the Rockers would return in the unveiling, they were at least mentioned in the press release.
"Cleveland gave the world rock and roll, then brought that sound to the WNBA stage. Now, we're back. With a different song. A louder one."

#august

Madonna kicked off August with another "Club Confessions" appearance – this time, it was a performance at WorldPride in Amsterdam featuring surprise guest Kylie Minogue.
Speaking of surprises, Nicole Kidman and Sandra Bullock popped into the Hollywood Forever Cemetery to introduce the Cinespia screening of "Practical Magic" The appearance was nostalgic but also a nice plug for their "Practical Magic" sequel set for release in September. Joining them at Cinespia were sequel co-stars Joey King and Maisie Williams.
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#cinespia #Magic #confessions

College football may be around the corner, but that isn't stopping the other sports from making some news for themselves.
According to a report from On3.com, Oregon men's basketball head coach Dana Altman has signed former Arkansas forward Malique Ewin to play for the Ducks in the 2026-27 season. The 6-foot-10, 240-pounder from Lawrenceville, GA will be a senior this year.
After starting his career at Ole Miss, Ewin had his best season as a sophomore for Florida State in the 2024-25 campaign where he averaged 14 points and 7.6 rebounds a game. He then moved on to Arkansas, where his numbers dipped, but Ewin still had a respectable season for the Razorbacks, averaging 10 points and 5.6 rebounds a game. Arkansas finished 28-9 last season. They lost in the Sweet 16 to Arizona in the NCAA tournament.
Ewin will provide some much-needed inside bulk for the Ducks this coming season as they look to replace center Nate Bittle. He'll also bring some senior leadership to a relatively younger team and will make a duo with Sean Stewart on the inside, both offensively and defensively. Ewin has averaged a block a game in his career, and hopefully, playing alongside Stewart, he can increase that number some for the Ducks.
Oregon hasn't announced its full schedule for the 2026-27 season, but the Ducks are set to play in the Players Era Tournament for the third straight season, where they'll open up with St. John's.

#ducks #oregon

Four days after OpenAI disclosed that its models had escaped a cyber evaluation and compromised Hugging Face, CEO Sam Altman said humanity had entered science-fiction territory.
"We are now, like, in the singularity. This is the moment."— Sam Altman, July 25 episode of Relentless
Altman did not present the breach as evidence for that claim, but the timing gave his words an uncomfortable real-world backdrop.
OpenAI disabled its production safety classifiers to measure the models' maximum cyber capability. Its July 21 disclosure said they exploited a proxy zero-day, escaped isolation, reached the internet and used stolen credentials and other methods to enter Hugging Face's production systems. They pursued benchmark answers, not a self-selected goal, yet improvised against a live company beyond a boundary their operators expected to hold.
Reuters reported on July 24 that the intrusion ran from July 11 through July 13 and OpenAI took nearly a week after the first escape attempt to connect its test to the breach. Hugging Face had already disclosed it and contacted the FBI. An OpenAI spokeswoman alleged "several inaccuracies" without identifying them. This is not proof that AI has surpassed humanity or begun rewriting itself. It shows agents can sustain complex operations long enough to outrun their controls.

#face #escaped #humanity

First there was "The Indecision" by LeBron James which dragged his free agency decision on for what seemed like three Northeast Ohio pro football seasons, now there is "The Aftermath."
That aftermath includes revelations that James, who signed with the Philadelphia 76ers earlier this week, met with Cleveland Cavaliers ownership, including owner Dan Gilbert, and management including president of basketball operations Koby Altman and ****** istant general manager Brandon Weems in Akron in early July, according to ESPN NBA insider Shams Charania.

#aftermath #including

OpenAI CEO Sam Altman said AI won't shorten workweeks for most people.
He said that as people become more productive, they will also become more competitive and want to work more.
The alluring shorter workweek was popularized post-COVID, giving workers flexibility in their schedules.
Sam Altman said AI won't usher in the golden age of the four-hour workweek.
In an interview with host Ti Morse on his "Relentless" podcast, released on Saturday, the OpenAI CEO talked about why AI has not led to shorter workweeks for most people.

#altman #workweeks #covid #morse

The Oregon Ducks men's basketball program has gone through a litany of changes this offseason, with eight incoming transfers replacing eight outgoing transfers. The coaching staff has also experienced its fair share of changes, as long-time Dana Altman ***** istant coach Mike Mennenga departed for Creighton and Brandon Kuhn was hired as the new strength and conditioning coach.
The latest change comes from ***** istant coach Kevin McKenna, who has decided to retire. McKenna has worked on the player development side for the past few seasons, helping develop a trio of Jackson Shelstad, Nate Bittle and Kwame Evans Jr. into All-Big Ten caliber players. He spent 16 seasons at Oregon.
McKenna's basketball career spans back a number of decades, as he was a standout player at Creighton before being selected 88th overall in the fourth round by the Los Angeles Lakers in the 1981 NBA Draft. He spent six seasons in the league with eight different teams before heading into coaching after his playing days concluded.
Thank you, Coach McKenna, for helping lead Oregon to new heights during your 16 seasons on the bench.

Enjoy retirement, K-Mac! #GoDucks pic.twitter.com/Ms0Zkv9PSW
The Minnesota native coached under Altman at Creighton, and held head coaching jobs at Nebraska-Omaha and Indiana State before being hired in 2010 to be an ***** istant coach with the Ducks.

#creighton

Four days after OpenAI disclosed that its models had escaped a cyber evaluation and compromised Hugging Face, CEO Sam Altman said humanity had entered science-fiction territory.
"We are now, like, in the singularity. This is the moment."— Sam Altman, July 25 episode of Relentless
Altman did not present the breach as evidence for that claim, but the timing gave his words an uncomfortable real-world backdrop.
OpenAI disabled its production safety classifiers to measure the models' maximum cyber capability. Its July 21 disclosure said they exploited a proxy zero-day, escaped isolation, reached the internet and used stolen credentials and other methods to enter Hugging Face's production systems. They pursued benchmark answers, not a self-selected goal, yet improvised against a live company beyond a boundary their operators expected to hold.
Reuters reported on July 24 that the intrusion ran from July 11 through July 13 and OpenAI took nearly a week after the first escape attempt to connect its test to the breach. Hugging Face had already disclosed it and contacted the FBI. An OpenAI spokeswoman alleged "several inaccuracies" without identifying them. This is not proof that AI has surpassed humanity or begun rewriting itself. It shows agents can sustain complex operations long enough to outrun their controls.

#humanity

South Korean President Lee Jae Myung flew to San Francisco on July 24 for a summit with the most powerful names in artificial intelligence. Jensen Huang was there. Sam Altman was there. The heads of Samsung, SK Group, Hyundai Motor and Naver flew in. By the end of the day, roughly $950 billion in new AI agreements had been signed, and South Korea had positioned itself as the country most central to the next phase of the buildout.
Nvidia (NVDA) is not slowing down its global hunt for AI infrastructure partners. The chipmaker has spent much of 2026 signing deals across Asia, the Middle East and Europe to secure the chips, memory and power it needs to keep building AI systems.
On July 24, that hunt landed squarely on South Korea, with a cluster of new agreements announced within hours of each other.
Nvidia said on July 24 that it has locked down AI memory supply from SK Hynix, South Korea's second most valuable company, CNBC reported. The agreement, unveiled late that evening in San Francisco, could be worth $500 billion over a number of years, and it includes large-scale data centers expected to come online in 2027.
SK Hynix affiliate SK Telecom will build a cloud business using Nvidia's Vera Rubin systems as part of the deal.

#south #agreements #down

OpenAI has raised its projected spending on computing infrastructure to around $750 billion through 2030, up from roughly $600 billion earlier this year, according to The Wall Street Journal. New deals with cloud-computing providers are driving the higher figure, as OpenAI continues its push to obtain the vast computing resources its AI models require.
On Wednesday, OpenAI said it would invest $20 billion to begin construction on a data center called Project Camellia in Effingham County, Georgia. Unlike its other facilities, where the company leases chip capacity from providers such as Oracle and Amazon Web Services, the Savannah Gateway Industrial Hub site marks OpenAI's first venture as the principal designer and builder of its own data center.
Sachin Katti, OpenAI's vice president of compute strategy, said the company has contracted with utility Georgia Power to receive 3.2 gigawatts of power between 2028 and 2032. OpenAI has already acquired the land for the project and is in the process of selecting a partner to build and operate the site, Katti said.
The company has also hired Brent Mayo, a key figure in building Elon Musk's xAI data center infrastructure, according to the Journal. After departing xAI earlier this year, Mayo had been instrumental in standing up that company's Colossus supercomputer campus in Memphis, where he managed the rapid procurement and commissioning of large-scale AI chip clusters. In the head of data-center build and delivery role, he will be responsible for keeping cloud partners on track with their construction timelines, while also contributing to the new Georgia facility. Mayo reports to Uday Ruddarraju, who was promoted this month to become OpenAI's chief technology officer of computing capacity.
The $750 billion projection represents the latest escalation in a spending trajectory that has drawn scrutiny inside the company. Chief Financial Officer Sarah Friar has privately raised concerns that OpenAI may not be able to honor future computing contracts if revenue growth does not keep pace with commitments. That came after Chief Executive Sam Altman stated publicly that OpenAI intended to spend $1.4 trillion on computing capacity, a figure that unsettled observers; Friar subsequently stepped in to correct the record, telling investors the actual projected outlay through 2030 was approximately $600 billion.

#computing #center #company

Prominent neocloud company Nebius (NBIS) has inked a billion-dollar agreement with Reflection AI to provide AI compute through 2029. Under the terms of the deal, Reflection AI will gain access to Nebius's capacity of Nvidia's (NVDA) GB300 chips. Although not the latest generation of Nvidia chips (that distinction belongs to the Rubin GPU), the GB300 is a high-performance system built on Blackwell Ultra GPU technology.
The deal would represent annual revenues of about $290 million throughout its tenure if spread evenly. Notably, this would be close to 55% of the company's total revenues in 2025.
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Santa Clara, California-based Advanced Micro Devices, Inc. (AMD) is a semiconductor company that offers artificial intelligence accelerators, microprocessors, graphics processing units (GPUs), chipsets, and data center and professional GPUs, and more. Valued at a market capitalization of $893.8 billion, the company operates through Data Center, Client and Gaming, and Embedded segments.
AMD is expected to release its Q2 2026 earnings on Tuesday, Aug. 4, after the market closes. Ahead of the event, ******* ysts expect the company's EPS to be $1.34 on a diluted basis, up 396.3% from $0.27 in the year-ago quarter. The company has met or exceeded Wall Street's EPS estimates in three of its last four quarters, while missing on one occasion.
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The S&P 500 Index ($SPX) (SPY) today is up +0.15%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.64%. September E-mini S&P futures (ESU26) are up +0.16%, and September E-mini Nasdaq futures (NQU26) are down -0.60%.
Stock indexes are mixed today, with the S&P 500 posting a 1-month high. The broader market garnered support from today's US economic news, which showed that June producer prices rose less than expected and the July Empire manufacturing survey rose more than expected.
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Artificial intelligence (AI) has undoubtedly been the biggest theme in the stock market over the past few years, with many AI-focused companies delivering spectacular gains. But as the sector matures, investors are beginning to look beyond industry giants like Nvidia Corporation (NVDA) and explore other parts of the AI supply chain that stand to benefit from the next phase of growth. One of the biggest winners from this shift has been Micron Technology (MU), which has enjoyed a stellar rally during the first half of 2026, outperforming many other AI-related stocks that have struggled to maintain their momentum.
The company's strong performance has been fueled by booming demand for its memory and storage chips, which are essential for AI workloads and data centers. At the same time, tight supply has pushed memory prices higher, creating an ideal environment for Micron. Now, the company is back in the spotlight after announcing an investment in Taiwanese wafer manufacturer GlobalWafers to help finance its new wafer fabrication facility in Sherman, Texas. The move is part of Micron's broader strategy to strengthen the United States semiconductor supply chain while supporting its long-term manufacturing expansion.
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Apple (AAPL) is the world's most valuable technology company, founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, and headquartered in Cupertino, California. The company designs, manufactures, and markets a deeply integrated ecosystem of hardware, software, and services spanning iPhone, Mac, iPad, Apple Watch, AirPods, and Apple TV, alongside a high-margin Services portfolio encompassing the App Store, iCloud, Apple Music, Apple TV+, Apple Pay, and AppleCare.
With over 2.5 billion active devices globally, a market capitalization of approximately $4.63 trillion, and an imminent CEO transition from Tim Cook to hardware chief John Ternus, Apple remains the defining benchmark of consumer technology innovation and capital efficiency.
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