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Crypto

Amodei AI slowdown talk spooks chip stocks while bitcoin rises. Why?

Bitcoin rose even as major U.S. semiconductor stocks fell after calls within the AI industry to slow development for safety reasons. Anthropic CEO Dario Amodei argued for intentionally reducing the pace of AI model performance gains, a view backed by OpenAI CEO Sam Altman and xAI owner Elon Musk. Chip stocks and the Philadelphia Semiconductor Index slid, while bitcoin, ether and XRP advanced. Attention is also on expectations for the U.S. Clarity crypto market-structure bill and Federal Reserve rate signals.

AI & Enterprise

Marvell shares surge 241 percent in a year; CEO cites trust as key to AI chip success

Marvell Technology shares have surged 241 percent over the past year, with long-standing trust built with major technology companies cited as a key driver. CEO Matt Murphy said hyperscaler customers decide deals based on trust across the ecosystem, not only price or performance. Marvell expanded cooperation with Nvidia in March and signed a partnership with Google in August. FactSet expects data centre revenue to rise 60 percent in fiscal 2027 and 61 percent in fiscal 2028.

AI & Enterprise

Semiconductor stocks surge again two days after $1 trillion market cap wipeout, Lam Research up 20 percent

Semiconductor stocks rebounded sharply on July 30 as strong results and demand outlook from Microsoft and Lam Research revived investor sentiment and spread buying across the sector. Lam Research jumped 20 percent, its biggest daily rise since 1999, while Microsoft gained 15 percent. Memory-related shares also rose after Samsung Electronics warned a memory supply shortage could last until 2028. Chip ETFs and major names including AMD, Intel and Nvidia advanced.