Situational Awareness drops 67% in a month: the trial of the true believers
A Situational Awareness investment vehicle loses two-thirds of its value in a month during the July AI rout.
yesterday 17 20
CXMT surges 500% on debut, tops Intel's market cap - Chinese memory reprices at cycle peak
Chinese memory maker CXMT jumped 471-500% on its Shanghai listing and - for a moment - its market cap surpassed Intel's. The market's message: HBM/DRAM is where the AI dollars land next.
Jul 27, 2026 at 10:16 6 6
Reddit falls on the stock market following a report on restricting data access to Google AI
Reddit's stock drops after a report suggests potential restrictions on Google AI's access to its data - the data contract becomes the central issue in its valuation.
Jul 23, 2026 at 07:42 14 13
DeepSeek targets the markets: IPO filing in mainland China potentially as early as 2026
Liang Wenfeng's open-weight lab discusses with advisors; targeted listing in 2027, valuation still unknown.
Jul 15, 2026 at 10:14 23 7
SK Hynix -12%, KOSPI breaks 7000: HBM complex takes a hit
SK Hynix drops 12% in session, KOSPI falls below 7,000 points, circuit breaker activated - the 7th of the year. The physical constraint of AI is felt in the markets, but the memory capex story does not break for all that.
Jul 13, 2026 at 09:13 12 5
MiniMax raises $220 million HK in 48 hours - return to markets after the lockup crash
After the post-IPO lockup crash, MiniMax bounces back with a lightning $2.2M HK fundraising round. The lab becomes the echo chamber of post-IPO tensions in the Chinese AI market.
Jul 11, 2026 at 17:19 34 6
SK Hynix's $26.5bn Wall Street landing - memory is the new oil, priced accordingly
SK Hynix's Nasdaq ADR debut raised $26.5bn - the largest foreign share sale ever on a US exchange - and jumped 13% on day one. The signal isn't Korean pride: it's that HBM is now the single most expensive input into AI compute, and the US market wants direct exposure.
Jul 11, 2026 at 11:41 4 8