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AI & Enterprise

Corning shares fall 18 percent after earnings, leading slide in optics stocks

Corning shares fell 18 percent on July 28 after the company reported second-quarter results that beat expectations but issued a current-quarter revenue outlook below Wall Street forecasts. The decline spilled over to other optics components stocks, with Marvell, Lumentum, AXT and Coherent also posting double-digit losses. Corning projected core revenue of $4.9 billion to $5.0 billion for the quarter, versus a $5.0 billion estimate.

Finance

Korean retail investors turn net buyers of U.S. stocks after 3 months on SpaceX listing

Korean retail investors in U.S. stocks turned net buyers in June for the first time in three months, Korea Securities Depository data showed. They recorded net purchases of $233.66 million, with $1.10468 billion bought and $871.01 million sold. The shift followed net selling in April and May. Buying was led by SpaceX, with $1.89307 billion purchased in June, while semiconductor-related names also drew inflows.

Crypto

Wood stays upbeat on bitcoin despite weakness, says tech stocks cannot replace BTC

Ark Invest CEO Cathie Wood said bitcoin is a distinct asset from artificial intelligence investing and can serve as an insurance policy against risks tied to national currencies. Wood said capital outflows from less stable countries could reignite interest in bitcoin and other digital assets. Recent market moves have shown investor attention shifting to AI-related assets, while bitcoin has fallen sharply and spot bitcoin ETFs have seen sustained outflows. Some institutions say the investment case for bitcoin remains intact.