Key News
1. Iran launches super-heavy missile targeting US military bases in the Gulf states.
Stock News
1. Micron Technology (MU.O): Plans to invest $3 billion to strengthen the US semiconductor supply chain.
2. Meta Platforms (META.O) plans to begin production of an AI chip in September as part of its plan to increase total computing power to 14 gigawatts next year.
3. Starbucks (SBUX.O) leverages artificial intelligence to reduce its reliance on Microsoft (MSFT.O) and IBM (IBM.N) software.
4. Meta Platforms (META.O): Announces plans to build a C$13 billion (approximately US$9.17 billion) data center in Alberta, Canada.
5. SK Hynix's US IPO was oversubscribed by more than 7 times.
6. Tesla (TSLA.O) finalizes preliminary design for the third-generation Optimus; Musk sets mass production targets for the supply chain.
7. AstraZeneca (AZN.O) stated that its Wainua trial, co-developed with Ionis Pharmaceuticals in the United States, failed to meet the primary objective.