Tag: Artificial Intelligence
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The Semiconductor Bear Market: Three Weeks That Unwound a 105% Rally
The Philadelphia Semiconductor Index has fallen 20 per cent in three weeks against record earnings. Inside the flows, the leverage unwind, and what decides whether the AI trade’s first bear market stays a valuation event.
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Nvidia H200 China Exports Begin: Trivial Volumes, a Major Policy Turn
H200 shipments to China have begun, and almost none have shipped. Inside the $10bn licence stack, the two-million-chip order overhang, the Blackwell loophole, and what the market actually bought.
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SK Hynix’s Nasdaq Listing: A $26.5 Billion Record and the Korea Discount Test
SK Hynix raised $26.5 billion in the largest first-time US share sale by a foreign company, debuting 13% up. Why the order book, the Korea discount and the aftermarket now matter to the whole AI trade.
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TSMC Q2 2026 Earnings: The Bill for Proving the AI Build-Out Is Real
Khan Capitals | July 2026 Key Takeaways Part of: The AI Infrastructure Supercycle – Khan Capital’s hub on the AI infrastructure build-out. A Quarter That Beat Its Own Ceiling There is a particular kind of quarterly result that tells you less about the company reporting it than about the industry standing behind it. The TSMC…
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IBM’s Worst Day on Record: The 3.7% Miss That Cost $68 Billion
IBM missed revenue by 3.7 per cent and lost a quarter of its value, the worst day in its listed history. Operating earnings grew, margins expanded, and the mainframe is running at 130 per cent of its best ever programme. What the market actually repriced.
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The $35 Billion Test: The Largest Private Credit Deal on Record Starts Trading
The $35bn Apollo-Blackstone financing for Broadcom and Anthropic’s AI chips is set to begin trading. For the first time, the market will price AI infrastructure credit risk in the open.
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Samsung Q2 Earnings: The ₩89 Trillion Quarter the Market Sold
Samsung guided to a record ₩89.4 trillion quarter, out-earning Nvidia and Apple, and fell 7 per cent. Why the AI trade now sells record beats, and what decides whether the memory supercycle holds.
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Meta’s AI Cloud Pivot: The Week the Supply Premise Cracked
Meta is building a cloud business to sell excess AI compute, and OpenAI just halved inference costs. Why the semiconductor complex suffered its sharpest two-day fall since March 2025, and what survives the shift from scarcity to utilisation.
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The Best Quarter Since 2020: Inside the H1 2026 Market Rally
Khan Capitals | July 2026 Key Takeaways A Half That Began in a Correction and Ended at Records It is easy to forget, looking at the closing figures, how badly the year began. The first quarter of 2026 delivered a genuine correction, a drawdown driven by the Iran conflict, an oil spike, and a growth…
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The IPO Window Reopens: A Record First Half and What Comes Next
Khan Capitals | July 2026 Key Takeaways Part of: Private Credit & Private Markets – Khan Capital’s hub on private credit and private markets. A Record First Half For two years the defining feature of private markets was a door that would not open. Companies that might have listed stayed private, sponsors could not exit,…