Suspected a16z address has staked 2.785 million HYPE tokens, worth approximately $164 million.

According to people familiar with the matter, SoftBank Group is considering acquiring Gravis Robotics AG, as the Japanese tech conglomerate targets the artificial intelligence field that underpins robotics technology. SoftBank plans to make a large-scale investment in the European startup and integrate it into its newly established entity Roze. The transaction could be completed in phases, with SoftBank gradually acquiring existing shares and injecting new capital. The deal could ultimately value Zurich-based Gravis at more than $500 million, sources added, noting that no final decisions on the deal’s size or structure have been made yet. (Jinshi)

UBS raised AMD’s price target from $700 to $730, maintaining its "Buy" rating. The Swiss bank projects AMD’s earnings per share (EPS) will reach roughly $19 in 2027, rise to $27.57 in 2028 (near $30), well above Wall Street’s 2028 consensus forecast of around $19. UBS notes that rapid growth in AMD’s server CPU business and gross margins roughly 10 percentage points above the company average will serve as a "margin safety net," enabling it to launch its MI500 series at more competitive prices in 2027 and further expand its data center GPU market share. Following TSMC’s capital expenditure increase, UBS is more optimistic about AMD’s supply improvements, projecting server CPU revenue of roughly $35 billion in 2027 and up to $60 billion in 2028. Its forecast of $44 billion in data center GPU revenue for 2027 may still be conservative; after AMD’s stock rose roughly 75% over the past three months, it remains UBS’s top pick.

According to a report by Seoul Economic Daily, AMD CEO Lisa Su stated that negotiations between the company and Samsung Electronics for a formal contract on large-scale HBM4 supply are "nearing completion". In March this year, the two sides signed a memorandum of cooperation, which includes Samsung prioritizing HBM4 supply to AMD’s new-generation AI accelerators and advancing wafer foundry collaboration. Su said at the "AMD Advancing AI 2026" event that the AI server rack system Helios has entered full mass production and is expected to start shipping from the end of the third quarter. With Helios’ launch, AMD is discussing specific contracts with Samsung for further expanding HBM4 supply. Han Jin-man, head of Samsung Electronics’ wafer foundry business, and Cho Sang-yeon, head of the Americas semiconductor business, attended the event, and after their speeches, held follow-up meetings with AMD executives including CTO Joseph Macri. The two Samsung executives noted an important meeting will be held soon, but did not give specific responses on subsequent HBM4 contract matters. When asked about future HBM supply and the possibility of AMD chips being manufactured by Samsung, Macri only said the two sides maintain a "cooperative relationship".

Bank of America maintains a "Buy" rating on Intel (INTC) and a $160 price target. The U.S. lender noted that Intel’s second-quarter results exceeded expectations and its raised guidance reaffirm two core pillars of its bullish thesis. Discussions between Intel and external foundry clients have entered a more concrete phase, driving an expansion in capital expenditures that could benefit semiconductor equipment firms. Intel’s core server CPU business is actively participating in the agent AI cycle, with data center revenue growing 59% year-over-year, marking its highest growth rate in the past 15 years. Intel’s advanced process manufacturing capabilities in the U.S., paired with strong support from the White House, remain a key long-term competitive advantage. On the risk front, the market needs to monitor whether Intel will finance its capital expenditures through capital market measures such as secondary offerings. However, the company can also raise funds via methods like selling non-core assets or collecting advance payments from potential clients.

The Hong Kong Securities and Futures Commission (SFC) announced that Victory Securities Limited was censured and fined HK$1.7 million for violating regulatory requirements in handling a client’s account. Zhao Ziliang, the firm’s responsible officer and core function head, had his license suspended for three months, effective from July 22 to October 21, 2026. The violations were uncovered during the SFC’s investigation into an alleged "pump and dump" scheme. The client opened an account on October 29, 2019, subsequently submitting two sell orders and providing statements purportedly issued by other brokers as proof of shareholdings. Despite the client’s shareholding value being clearly inconsistent with the financial status declared in the account opening documents, Victory Securities failed to conduct sufficient due diligence before executing the orders, nor did it obtain reasonable explanations for the warning signs. Subsequent information revealed the client may have submitted false documents to facilitate one of the transactions, but Victory Securities did not report the relevant fraud or deception to the SFC. The SFC ruled that the firm’s handling fell short of the requirements of the Code of Conduct and relevant anti-money laundering laws and guidelines, with the deficiencies attributed to Zhao Ziliang’s failure to fulfill his duties as a responsible officer and senior management member. In its disciplinary decision, the SFC considered that the incident was an isolated case with no systemic gaps found in Victory Securities’ internal controls; the firm has since improved its policies and procedures and conducted mandatory training, both Victory Securities and Zhao cooperated with the investigation, and Zhao had no prior disciplinary record.

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