Finance Tech News.

Steve Eisman, who shorted the subprime housing bubble, says investors are making great miscalculations in AI stock picks. He calls SpaceX the most absurd stock in America, noting its revenues match Kellogg's but trade at 100x revenue.

Dogecoin and Hyperliquid's HYPE token led weekly crypto losses as investors rotated into AI stocks. Ether fell 8% on the week. The equal-weight S&P 500 hit a record, lifted by a rotation out of chipmakers.

Qualcomm CEO Cristiano Amon unveiled a five-year plan to challenge Nvidia's dominance in AI chips for data centers. At the investor day in Manhattan, the company introduced new AI accelerators and CPUs. Qualcomm has already expanded into automotive tech, smart home devices, and wearables since 2021.

Securitize expects to raise $400 million in its public debut via a merger with Cantor Equity Partners II. Less than 30% of shareholders elected to redeem. The tokenization platform will trade under ticker SECZ on the New York Stock Exchange.

SBI Holdings agreed to buy cryptocurrency exchange Bitbank for around $289 million. The Tokyo-based bank framed the purchase as part of a broader strategy to expand its crypto business ahead of potential regulatory developments in Japan. Bitbank is among Japan's top 10 largest crypto exchanges by trading activity.

The FAA announced new AI tools to address flight safety and congestion. Palantir's Foundry model analyzes scattered government data to identify airport safety patterns. Air Space Intelligence won a bid to create AI models predicting bottlenecks and delays. First-year development costs for Foundry are estimated at $4 million.

SpaceX is set to join the Nasdaq 100 index. The inclusion will trigger a wave of passive buying from funds that track the index. This move marks a significant milestone for the private space company and its investors.

Tesla published a Q2 2026 delivery consensus of 406,024 vehicles, compiled from 22 analysts including Morgan Stanley and Goldman Sachs. That represents 5.7% growth over Q2 2025. The full-year 2026 consensus is 1,654,808 deliveries, barely 1% growth and down from the March estimate of 1,689,691.

Oracle's stock fell 19% this week, the steepest weekly drop since a 20% plunge in August 2001, amid concerns about its $130 billion debt load and AI investments. The stock has lost about 55% of its value since a $900 billion peak market cap in September.

At VidCon 2026, Amazon Fire TV Channels and Pocketwatch explained that streaming platforms prioritize watch time and engagement over subscriber count. The Besties' success came from horizontal long-form content that built a routine audience. A 15-minute view signals stronger fandom than a 15-second one.

IDC predicts Apple's iPhone 18 Pro and Pro Max could see a $200 price increase, up from an earlier $100 forecast. The higher estimate follows Apple's recent Mac and iPad price hikes of up to $300. Component costs rose due to a global memory crisis.

Bitcoin is down 20% since May and 32% in the first half of 2026, with the total crypto market cap dropping 36% in a year to roughly $2 trillion. Strategy's stock has nearly halved in a month to around $85, and its STRC asset broke its $100 peg, trading above $75.

Stabyl emerged from stealth with a $2.7 million pre-seed investment led by Konga. The fintech startup operates a liquidity exchange for financial institutions and payment service providers, aiming to make foreign exchange liquidity easier to access and settlements nearly instantaneous across Africa.

Buying Samsung stock in the US could become easier after a rival company made a similar move. The change would allow US investors to trade Samsung shares directly on American exchanges rather than through over-the-counter markets.

Starlink launched in Nigeria in January 2023, its first African market, and now operates in 27 African countries with faster download speeds than most fixed broadband providers. Operators MTN, Airtel, Orange, and Vodafone are partnering with satellite companies to expand rural coverage and lower costs.

OpenAI is considering delaying its initial public offering until 2027, according to a Bloomberg report. The news triggered a US stock sell-off, with the Nasdaq leading declines as investors reduced exposure to high-growth tech stocks. The ChatGPT maker had already taken early steps toward a public listing, including a confidential filing.

Hyperscale Data completed the acquisition of 48.5 acres to expand its Michigan AI data center campus. The purchase adds land for additional facilities supporting artificial intelligence infrastructure.

CryptoQuant urged Strategy to pause Bitcoin purchases after dividend coverage fell to 14 months from seven years. Annual dividend obligations surged to $1.2 billion. CBOE eyes crypto perpetual futures. Chainlink works with banks on stablecoin FX settlement. Zcash miner Fortitude merges with a healthcare company for Nasdaq listing.

BYJU'S creditors are negotiating a 30% stake in Aakash Educational Services at a $2 billion valuation to settle a legal battle over a $1 billion loan default. The deal would drop all lawsuits against founder Byju Raveendran and free Aakash's ₹500 crore rights issue.

Sustainable womenswear brand Reformation is filing for a U.S. initial public offering. The company's sales have surpassed $500 million. The IPO filing marks a major step for the fashion label as it seeks public market investment.

Stripe cofounder John Collison said Gen Z will need two college majors to compete as AI takes over routine tasks. The advice echoes the late investor Charlie Munger. Collison argued that combining software with finance or marketing lets workers improve entire company functions.

Cox Automotive acquired Fullpath on June 1 to give dealerships a unified view of customer retail experiences. The deal uses artificial intelligence to help dealers understand AI-savvy shoppers. Cox, which owns Dealertrack, gains a competitive edge in the dealership management system market. Financial terms were not disclosed.

Navan, the corporate travel and expense platform formerly known as TripActions, hit a 52-week high of $24.50 after reporting Q1 FY2027 results. The stock rose from a low of $8.11 while the iShares software ETF dropped over 15% year-to-date. Navan raised full-year guidance to $907M-$913M, projecting 30% growth.

Micron posted a monster quarter, sending shares up nearly 16% Thursday. SK hynix filed for a U.S. IPO. The memory-chip boom, fueled by AI demand, is now driving up prices for most electronic devices.

A single report about a potential OpenAI IPO triggered a selloff in tech stocks from Tokyo to New York. The market reaction wiped out billions in value across major indices. Investors showed extreme nervousness to any news involving the AI company.

Polymarket surpassed $1 billion in annualized revenue just six weeks after opening its U.S. exchange. The prediction market platform's milestone comes as Meta reportedly assembles a team to build a competing product code-named Arena. Retail traders are betting on elections, sports, and central bank decisions.

Goldman Sachs reported U.S. IPO activity has doubled year over year, with issuance already matching 2021's record pace by dollar value. However, IPO volumes remain well below dot-com and pandemic-era peaks. Crypto companies Payward, Ledger, and Grayscale have paused IPO plans this year due to volatile markets.

Marketing leaders at Cannes Lions described a job that now demands AI expertise, community building, and culture shaping. Budgets remain flat at 7.7% of revenue in 2025, unchanged from 2024 and down from 9.5% in 2022, per Gartner's survey.

SoftBank stock fell sharply after a report indicated OpenAI is delaying its initial public offering. SoftBank holds a roughly $65 billion stake in OpenAI, and expectations of a windfall from a public listing had pushed the stock to record highs.

U.S. corporate profits captured 12.2% of gross domestic income in the first quarter, the highest share since the early 1950s. The AI boom is lifting profits for companies outside Big Tech, making the economy more reliant on a surge that could eventually fade.

Manchester-based legal tech firm Summize has acquired InnoLaw Group, a Seattle-based firm, absorbing its core personnel and IP into Summize's implementation wing. The deal aims to meet growing corporate demand for human implementation alongside automated AI services. Financial details undisclosed.

The Dow Jones Industrial Average will replace Verizon with Alphabet on Monday. The 130-year-old index, still a market shorthand for many Americans, gains a dominant AI player. The change reflects AI's growing influence in the stock market and economy.

Sachin Tendulkar invested in a Bengaluru sportswear startup designing shoes for Indian feet, which are proportionately wider than European and American sizing. Most Indian athletes wear ill-fitting shoes designed for other markets, causing discomfort and injury.

SoftBank CEO Masayoshi Son's latest shareholder slide deck depicts the company as a goose laying golden eggs, representing its portfolio companies. Son has argued for over a decade that SoftBank is undervalued, comparing it to a goose with more golden eggs inside.

A Wall Street selloff hit tech stocks after Apple announced device price hikes to cover rising memory and storage chip costs. Deutsche Bank cited a "memory supply crisis" among chipmakers. Traders rejected tech stocks, triggering declines in U.S. futures and selloffs in Asia and Europe.

PharmEasy cofounders' home improvement startup AllHome has raised ₹200 Cr (about $21 Mn) in its Series B round, led by Bessemer Venture Partners. The round also includes participation from Stride Ventures and multiple family offices. AllHome plans to use the fresh capital to expand its physical experience centers and manufacturing facilities.

The first Chinese initial public offering in the United States in 2026 plunged nearly 47 percent on its first day of trading on the Nasdaq. The steep decline marks a rocky return for Chinese companies seeking U.S. listings after a prolonged drought.

After months of volatility, U.S. new-vehicle sales are stabilizing despite high gas prices, inflation, and rising prices. However, several automakers, including GM, Ford, and Tesla, are expected to lose market share due to older product decisions.

Advocates argue that encouraging Canadians to take over existing, profitable companies is a hidden market opportunity, despite education and capital gaps for underrepresented entrepreneurs. A report by Pitch Better and CQ Business Consulting found a $2-trillion market opportunity but noted education and infrastructure gaps.

Elroy Air, a California cargo drone startup, is in advanced talks to go public through a merger with a blank-check vehicle valued at about $1bn. The SPAC deal could be announced soon, with Elroy Air's Chaparral drone valued at $800m. The drone can carry 300 pounds over 300 miles, serving as a middle-mile delivery solution. Elroy Air has a backlog of 1,500 preorders from FedEx and Bristow Group, with potential military contracts.

HappyFox raised $1M in expansion revenue by using an AI agent that cost less than $20. CEO Shalin Jain explained how proactive expansion, previously impossible at scale, was achieved through an autopilot agent named Rex that reads support conversations.

Thalia Therapeutics raised €3.1 million and acquired Sanmirna, a US firm. The fundraise backed the acquisition. The company is expanding its footprint through the deal.

Goa to receive ₹2,000 crore in maritime projects, including a water metro. Union Minister Sarbananda Sonowal highlights new Captain of Ports building, aligning with 'Development as well as Heritage' vision.

Cafe chain Alienkind raised $3.2 Mn in pre-Series A funding from investors including Prakash Sikaria and Ravi Iyer to expand its footprint in India. The startup plans to open four more outlets and scale to 100 stores by FY28.

Honda CEO Toshihiro Mibe survived a shareholder vote at the company's annual meeting on June 26, 2026, in Tokyo. The vote came amid an unprecedented earnings crisis driven by large write-downs from Mibe's premature bet on electric vehicles.

Kalshi, a federally regulated event contracts exchange, is seeking fresh capital at roughly $40 billion, nearly triple rival Polymarket's $15 billion target. Monthly trading volume on Kalshi recently surpassed $17 billion, up from roughly $5 billion a year earlier. The gap between the two valuations reflects which model investors believe will win.

The Telecommunications Engineering Centre (TEC), the technical wing of the Department of Telecommunications (DoT), is forming a National Working Group (NWG) on AI standardisation. Nominations from industry, academia, research organisations, startups, and government bodies must be submitted by July 7, 2026.