Shares of Microsoft surge after earnings beat; Jersey Mike's prices IPO above range. Live market updates for July 10, 2026.

Options markets priced lower near-term fear as Nvidia and Microsoft led a 4.2 percent weekly gain in mega-cap technology names following strong cloud earnings preannouncements.

The Phoenix campus produced its first commercial wafers at yields within 5 percent of Taiwan baseline, clearing a milestone U.S. officials tied to CHIPS Act disbursements.

South Korea's benchmark fell 8 percent in morning trade before recovering partially, extending volatility after a 90 percent year-to-date rally.

Micron and SK Hynix fell 18 percent in two sessions while the KBW Bank Index posted its best week since November 2024.

Adjusted gross margins reached 85 percent and the chipmaker signed $100 billion in multi-year strategic customer agreements with $22 billion in prepayments.

The post-IPO selloff erased more than $600 billion in market value, drawing scrutiny to valuations across the artificial intelligence trade.

Hyperscaler capital spending is on pace to consume nearly all operating cash flow, forcing Alphabet, Amazon, Microsoft, and Meta toward record bond sales.

A sharp drop in Korean memory stocks spread to U.S. megacaps, with investors questioning whether two years of AI-driven capex can sustain current earnings multiples.

SK Hynix and Samsung each fell more than 12 percent, triggering the market's first circuit breaker in years as memory stocks led a global tech rout.

The Federal Open Market Committee kept its benchmark unchanged while minutes highlighted diverging efficiency improvements between tech-intensive firms and labor-heavy services.

Fed Chair Kevin Warsh cites steady wage growth and moderating capital goods imports for the decision to keep interest rates unchanged.

Institutional investors back drilling projects in Nevada and Iceland to secure dedicated power sources for regional GPU clusters.

Passive funds tracking global indices will trim exposure to the largest technology names over two quarterly rebalance windows starting in August.

The three largest hyperscalers — Microsoft, Amazon, and Google — collectively invested $210 billion in AI compute infrastructure in the first quarter, with analyst consensus projecting the AI accelerator market to exceed $500 billion before year-end for the first time.

Scale AI, Harvey AI, Cohere, Writer, Adept, and Physical Intelligence have all filed registration statements with the SEC, representing the most concentrated AI IPO filing period since the 2021 SPAC boom. Goldman Sachs and Morgan Stanley lead the underwriter syndicate.

FactSet data shows that AI-related revenue contributed 62% of aggregate S&P 500 earnings per share growth in the first quarter, with the Magnificent Seven reporting a combined AI revenue of $347 billion — up 89% year-over-year.

Singapore's GIC, Abu Dhabi's Mubadala, and Canada's CDPQ have formed a co-investment vehicle focused exclusively on AI data centers, fiber networks, and edge compute infrastructure, in what represents the largest coordinated sovereign wealth deployment into a single technology sector.