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AI & Enterprise

Jim Cramer says do not lump Magnificent 7 together; one AI monetisation win could spark rally

CNBC’s “Mad Money” host Jim Cramer maintained a bullish view on mega-cap technology stocks despite weak recent returns, saying investors should not judge the so-called Magnificent 7 as a single group. He said their business structures and AI strategies differ and that a rally could follow if any one company signals AI products are lifting forecasts. He cited Meta’s AI chip plans and Alphabet’s other assets such as YouTube and Waymo.

Industry

Meta to begin mass production of latest MTIA AI chip in September

Meta plans to start mass production of the latest version of its in-house AI chip from September as it seeks to lower GPU costs amid an unprecedented parts shortage. The company is designing the chip with Broadcom and will have it made by TSMC, while sourcing memory from Samsung Electronics, storage from SanDisk and fibre-optic equipment from Sumitomo Electric. Meta expects 2026 capital spending of $125 billion to $145 billion, with much allocated to AI.

Crypto

Solana sentiment cools as bearishness grows and trading volume falls

Market pessimism around Solana has surged to its highest level so far in 2026, while trading volume has slipped to the lowest of the year, cooling investor sentiment. Santiment said negative sentiment on social media reached a yearly high as prices continued to fall and participation declined. SOL traded around $77.80, with seven-day volume about $2.27 billion. Santiment said extreme pessimism and thin trading can precede rebounds, but it did not signal an immediate rally.