Leveraged ETFs were not the initial spark, but they were a very significant amplifier; margin financing was not the direct cause of the decline each day, but it determined whether the decline could evolve into a chain of forced liquidations.

While Kimi K3's linear attention has sparked short-term concerns about hardware demand, SemiAnalysis points out that its over 2.8 trillion parameters and massive inference architecture will, conversely, intensify the demand for high-end GPUs, HBM, and high-speed interconnects.

Trump Media Group Plans to Launch Paid Data Service, Offering Fast Access to Trump's Posts for Trading Institutions.

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"The Big Short" protagonist Michael Burry is loudly bullish on Hong Kong stocks, stating that now is the "perfect time" to find cheap bargains and has quietly increased his holdings in JD.com.

When OpenAI burns through its last dollar, the entire tech industry will face a moment of reckoning.

Within ten days, four overseas AI giants have aggressively cut prices, Altman exclaims "cut another 75%," yet Anthropic remains silent in response. Those cutting prices are suffering massive losses, while those selling at a higher price are making money. This is not an ordinary price war, but a critical debate between the flywheel and the pump.

Capital expenditures by hyperscale cloud companies have already surpassed cash flow growth. How much further can the "rubber band" between AI investment and commercial monetization stretch? The upcoming earnings reports from tech giants may serve as the pivotal moment of judgment.

On its first trading day on the US Nasdaq, SK Hynix's American Depositary Receipt (ADR) recorded a premium of over 50% compared to its common stock on the Seoul bourse, a figure that quickly narrowed to approximately 26% the following day. This phenomenon, driven by high demand colliding with limited float supply, reflects intense interest from U.S. investors while also highlighting constraints on cross-market arbitrage and short-term pricing deviations.

Ed Zitron argues that the true AI bubble is essentially the "OpenAI bubble"; if OpenAI ultimately fails, it will become the "Lehman Brothers" of the AI era.

Leveraged stock ETFs, options, and margin accounts all have further room for deleveraging. It is estimated that about three more months of volatile trading are needed for relevant indicators to return to pre-April levels.

Despite TSMC's net profit surging 77% in Q2, its US stock still fell 2.3% on Thursday. IBM's profit warning triggered a single-day plunge of over 20% on Tuesday.

In 2007, a young Lionel Messi held a baby Lamine Yamal during a charity photoshoot. Nineteen years later, the two individuals in that photo will compete for the World Cup trophy in the final.

The US stock storage sector is experiencing another broad decline.

Even in a casino, some people can find assets worth holding through solid fundamentals.

Finance and Trading Are the True Core of Crypto.