Memory Stocks Slide as Trump Threatens 50% Tariffs on Canadian Autos, Steel in 2027: Stock Market Today
benzinga_article·- U.S. equities split on Monday as memory and optical-component stocks dragged the Nasdaq 100 down 1.0% and the S&P 500 slipped 0.1% to 7,664.26. - President Donald Trump threatened a 50% tariff on Canadian autos, trucks, and steel starting January 1, 2027, impacting related equities like Ford and Cleveland-Cliffs. - Meanwhile, gold rose 1.0% to $4,654.67 per ounce, and Bitcoin rallied past $79,000 amid upcoming inflation data and Federal Reserve speeches.Nvidia’s AI Servers Are About to Get Even More Expensive as Rising Memory Costs Push Prices Up More Than 15%: Report
benzinga_article·- Nvidia AI server prices are expected to increase by more than 15 % for systems shipped in early 2027. - The price hike affects platforms like Vera Rubin and Grace Blackwell due to surging memory costs and supply strain. - Major data center operators and server companies have reportedly informed customers about the upcoming adjustments.HSI Slips 544 pts at Midday as BABA-W Plunges ~10%, SMIC Dives 6%+; AI Large Model Stocks Pressured
AASTOCKS News·- The Hang Seng Index fell 544 pts or 2.09 % to close at 25,465 at midday, driven by widespread declines across major technology and chip stocks. - BABA-W plunged 9.76 % after planning a new share placement to raise HKD80 billion, while AI large model stocks faced heavy pressure following DeepSeek's API price adjustments. - Chip stocks experienced sharp sell-offs, with SMIC plummeting 6.62 % and HUA HONG GRACE tumbling 5.23 %.Magnite Sees CTV Surge and Google Antitrust Remedies as Growth Catalysts
Market Beat·- Magnite reported that connected television advertising contribution increased 36 % year over year in the second quarter, representing 51 % of its business mix. - The company noted that potential antitrust remedies affecting Google could reshape open-web advertising and create a more level competitive environment. - Magnite generated about 80 % flow-through from incremental revenue to EBITDA in the quarter and committed to using at least 50 % of free cash flow for share repurchases.DJIA Futures Rebound Nearly 200 Pts, Bitcoin Surges 7%; Crypto Stocks Gain 6%-9% Pre-Market, Europe Shares Rise Broadly in Early Trading
AASTOCKS News·- Global financial markets showed mixed movements as US Treasury debt surpassed USD40 trillion and gold prices rose. - Bitcoin surged 7% to USD77,677 alongside gains in crypto stocks, while US stock index futures and major European markets advanced. - Samsung announced a historic shareholder return plan of up to USD79.52 billion, and Asian stock markets closed with mixed results.