Bitcoin Surges Above $67,000

According to market data from BIT (bit.com), Nebius, a leading neo-cloud player, closed 34.14% higher, marking its largest single-day gain since September last year, though it fell 2.01% in after-hours trading. Earlier reports noted that Nebius (ticker: NBIS) released its second-quarter financial results: the company’s Q2 revenue reached $582.3 million, a 454% increase from $105.1 million in the same period last year. Adjusted EBITDA for Q2 stood at $236.2 million, compared to a net loss of $21 million in the year-ago quarter, turning profitable. Its adjusted net loss narrowed 64% to $33.2 million, down from $91.5 million in the same quarter last year. However, the company’s net loss from continuing operations in Q2 was $190.4 million, versus a net profit of $502.5 million in the year-ago period. For the first half of 2026, Nebius’ cumulative revenue totaled $981.3 million, up 529% year-over-year; adjusted EBITDA reached $365.7 million, compared to a net loss of $74.7 million in the same period last year.

According to Reuters, citing sources, Alphabet (GOOG.O), Google’s parent company, is implementing a large-scale leadership reshuffle at Google DeepMind, with some teams set to move from DeepMind to Google’s enterprise division, further weakening DeepMind’s autonomy. Sources said Google co-founder Sergey Brin has in recent months urged core AI staff to “go all in” on the Gemini model and advance AI research directions such as “recursive self-improvement.” After the adjustment, DeepMind head Demis Hassabis will shift to chairman, while his deputy Koray Kavukcuoglu will take over leadership duties. Google stated that Kavukcuoglu will hold final decision-making power over major DeepMind matters. Sources added that internal tests show the new flagship Gemini model still lags behind competitors in areas like programming, prompting Google to push back its launch by two months. Analysts believe Alphabet’s latest restructuring aims to accelerate AI commercialization and regain a competitive edge in model development, though some employees worry DeepMind’s long-term research autonomy may decline further.

According to people familiar with the matter, the Truth API data service launched by Trump’s media company is facing resistance from some trading firms. While several trading institutions have signed contracts to use the service, firms including Hudson River Trading and Citadel Securities have stated they are unwilling to pay for it, arguing it is not a necessary requirement for trading operations. The sources requested anonymity due to the non-public nature of the information involved. Analysts note that existing insider trading regulations do not explicitly cover scenarios where a sitting president uses their media platform to publish market-moving information, or sells faster access to such information to the market. Karen Woody, a professor at Washington and Lee University School of Law, said the past regulatory framework did not anticipate that a sitting president might take such actions. Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), previously stated in an interview that the SEC is monitoring developments related to the Truth API data stream.

US President Trump announced in a post that White House Press Secretary Karoline Leavitt will leave her post at the end of this month to spend more time with her children and family, and will be reassigned to serve as his senior external advisor.

Coherent’s Q4 fiscal quarter revenue hit $2.05 billion, up 34% year-over-year, exceeding the expected range of $1.98–$2.02 billion. Non-GAAP earnings per share (EPS) came in at $1.74, also beating the forecast of $1.62–$1.65. The company projected Q1 fiscal quarter revenue of $2.20–$2.40 billion, above the consensus estimate of $2.13 billion, with adjusted EPS expected to reach $1.85–$2.05, surpassing the $1.77 forecast. Per market data from BIT (bit.com), despite the company’s full performance and guidance beating market expectations, short-term profit-taking pressure weighed on post-market trading, pushing shares down as much as 5%. During regular trading hours ahead of the earnings release, Coherent’s stock surged 8% and has rallied sharply in recent weeks, as market expectations for explosive demand for optical interconnects in AI data centers have been fully priced in.

AI chip manufacturer Cerebras reported Q2 revenue of $210 million, up 103% year-over-year (YoY). Of that, cloud business revenue reached $126 million, surging nearly 4x YoY, while hardware sales fell 23% YoY to $54.1 million. The quarter saw a net loss of $450.5 million, compared to a net profit of $309.5 million in the year-ago period. The company raised its full-year performance guidance, now projecting core revenue to land between $880 million and $890 million, up from the prior range of $855 million to $865 million. The earnings report delivered a mixed picture for investors: since its IPO in May, Cerebras’ stock price has climbed 42%. Initially positioned as a challenger to Nvidia in the AI chip sector, the firm’s largest revenue stream now comes from cloud computing. In response to investor concerns, Cerebras noted its core gross margin for the quarter would expand to 38% to 40%. Per market data from BIT (bit.com), Cerebras’ stock fell more than 17% in after-hours trading following the earnings release.