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On July 1, several media outlets reported that Meta Platforms(NASDAQ: META) was forming a new business unit, internally dubbed “Meta Compute”, to sell its excess AI cloud capacity to third-party customers. Meta will reportedly sell both its raw GPU computing capacity and remote access to its infrastructure to companies so they can run their own…

Investors came into July expecting a familiar stock market setup leaning on resilient earnings and AI spending, along with a seasonal stretch favoring equities

In the last few days, a lot of news piled up, from renewed tensions between the U.S. and Iran to memory and storage stocks selling off, leading investors to rotate out of tech stocks. And even more broadly, major indexes like the S&P 500 (SNPINDEX: ^GSPC) were feeling the pressure

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BellRing Brands (BRBR) ended the recent trading session at $12.48, demonstrating a +2.72% change from the preceding day’s closing price. This change outpaced the S&P 500’s 0.42% gain on the day. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq increased by 0.29%

What’s behind the move: Circle said it received regulatory approval to establish its own national trust bank, reducing its reliance on outside banks

Meta shares rallied on Friday, lifting their gains for the week to 15%, on pace for the best weekly performance since early 2024, as optimism builds around CEO Mark Zuckerberg’s artificial intelligence strategy

SK Hynix opened at $170 on the Nasdaq on Friday, rising about 14%, as U.S. investors jumped at the opportunity to get a stake in South Korea’s second most valuable company

Tech insiders are buying into the summer weakness in their stock prices, while the rest of the market remains more cautious

Meta Platforms (NASDAQ:META) shares climbed about 3% early Friday after a BofA Securities analysis pointed to potentially lower AI infrastructure costs than Wall Street had expected