Federal Reserve Chair Kevin Warsh said if AI delivers disappointing returns, most AI-related capex can be repurposed for other uses.

Huatian Technology shares hit the daily limit, closing at 23.11 yuan, implying a market value of 76.8 bln yuan; the stock ranked first on A-share discussion lists. The company said production and operations are normal and it is unaware of the cause of the price move. In response to online claims that much of 1H profit came from stock trading, the company said the roughly 460 mln yuan gain was from an investment made before the investee’s IPO and was recorded as non-recurring income.

ASML (ASML.O) CEO said the company plans to increase capacity by 30% in 2027, building on roughly 130 DUV immersion lithography systems planned for 2026.