UBS cuts Qualcomm's price target to $170, as the chipmaker's revenue dropped 4% year-over-year in its financial report.

According to BIT (bit.com) market data, Oracle’s US stock rose nearly 5% in pre-market trading, and is now up over 3.5%. On the news front, Oracle has expanded its partnership with Google, and will launch enterprise applications powered by Google’s Gemini model.

Early Ethereum core developer Lefteris Karapetsas (@lefteris.eth) took to Farcaster to mark the 11th anniversary of Ethereum’s launch. “Unbelievable, it’s already been 11 years,” he wrote. “On July 30, 2015, we launched Ethereum from a humble small office in Berlin’s Kreuzberg district. Since then, everything has changed dramatically. Ethereum has undergone countless transformations, but one thing has remained constant: Ethereum is the world computer.” In the throwback photo Karapetsas shared—taken on Ethereum’s mainnet launch day (July 30, 2015)—early core developers posed for a classic group shot in the modest office. The background screen displayed “Frontier block #1,028,201,” information tied to the network’s genesis block launch. Early core devs and contributors gathered to celebrate, including Gavin Wood, Christian Reitwiessner, Christoph Jentzsch, and others. Ethereum’s primary founder and core designer Vitalik Buterin appeared relatively low-key on the group’s periphery; at just 21 years old, he joined the team to witness this historic moment that would reshape the blockchain world.

According to Nikkei News, Microsoft (MSFT.O) is considering making some of its self-developed AI models available with open weights. Mustafa Suleyman, CEO of Microsoft AI, said the company is evaluating this possibility amid growing popularity of Chinese AI models among U.S. users. The move signals a potential shift in Microsoft’s AI strategy: facing competition from Chinese AI developers including DeepSeek and Moonshot AI, Microsoft aims to boost its competitiveness while reducing reliance on OpenAI. The tech giant also stated it plans to maintain its multimodal strategy, enabling customers to use models from OpenAI or Anthropic based on their specific needs.

According to BIT (bit.com) market data, pre-market trading in U.S. semiconductor and storage sectors has extended gains, as detailed below: ARM’s gain widened to 11% after it had earlier fallen nearly 8%; Lam Research (LRCX) jumped more than 13%. LRCX released its earnings report after yesterday’s market close, with both its financial results and forward guidance exceeding consensus expectations, projecting its next-quarter revenue to reach a peak of $8.5 billion. Nvidia (NVDA) rose 2.1%; Intel (INTC) gained 4.9%; Advanced Micro Devices (AMD) climbed 5.8%; Seagate Technology (STX) advanced 7.5%; Western Digital (WDC) rose 8.3%; SanDisk (SNDK) gained 8.6%; Micron Technology (MU) climbed 6.3%; SK Hynix ADR rose 5.3%.

U.S. June core PCE price index rose 3.3% year-over-year, down from 3.4% in the prior month and in line with market expectations.

Jae-gyoo Bae, known as South Korea’s "ETF Father" and CEO of a local investment management firm, stated today that single-stock leveraged products tracking Samsung Electronics and SK Hynix should be phased out gradually rather than delisted forcibly. For such products, investors’ best option is "not to invest". He warned that during periods of high market volatility, daily rebalancing and compound effects can rapidly erode product value. Investors often attempt to bottom-fish for rebounds after market dips, but this strategy is unlikely to deliver sustainable wealth growth. He also advised investors not to concentrate their bets on a single memory chip manufacturer, but to invest across the entire semiconductor industry chain. Bae noted, "The memory chip industry remains highly cyclical." Samsung Electronics, SK Hynix, and Micron Technology are continuing to expand investments, while regional competition is intensifying. The AI-driven semiconductor boom has pushed market performance beyond expectations, but he suggested investors focus on the industry’s long-term growth prospects rather than short-term price fluctuations.