ClearBridge Exits Microsoft and Amazon Stakes for This Memory Chip Play

Micron's stock volatility highlights investor skepticism about AI demand sustainability, underscoring risks in tech sector dependencies. The post Micron stock drops as investors seek proof of lasting AI demand appeared first on Crypto Briefing.

The post Used EVs keep getting more expensive amid Iran war, high gas prices appeared on BitcoinEthereumNews.com. Tesla EVs recharge at a Tesla Supercharger station on July 2, 2026, in South Pasadena, California. Mario Tama | Getty Images DETROIT — The Iran war and high U.S. gas prices are causing a surge in demand for used all-electric vehicles, which is making the pre-owned vehicles more expensive, according to Cox Automotive. The company on Wednesday reported that its Manheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 12% last month compared with June 2025. That compares with a 1.7% increase for non-EVs over the same period. Wholesale EV prices have increased every month this year, leading to an 11.5% jump in average pricing to roughly $30,400, according to Manheim. Non-EVs, meanwhile, have seen a less than 1% increase this year in average pricing, to $19,125, Manheim said. The average used EV listing price

The post Meta’s Market Value Passes Tesla’s—But Both Stocks Are Still Tanking appeared on BitcoinEthereumNews.com. Topline Meta edged past Tesla in market value Wednesday—not because Meta’s stock rose, but because Tesla’s fell harder—setting up Meta’s earnings report later this month as a test of whether the tech giant’s big spending on artificial intelligence is paying off. Meta shares topped Tesla’s market value by more than $50 million. Photo illustration by Cheng Xin/Getty Images Key Facts Meta’s total market value crossed above Tesla’s on Wednesday, with Meta shares trading at $605.16 as of 1:25 p.m. EDT—giving the company a market value of over $1.5 trillion. Meta shares were down 1.7% on the day even as the milestone was reached, while Tesla’s stock slid over 2.3%, handing Meta the lead in market value by default rather than through any gain of its own. Meta has traded between $520.26 and $796.25 since last July and is now roughly around the middle of that range, well below the

The post SanDisk (SNDK) Stock Plunges 20% Amid Tech Rout While Analysts Maintain Bullish Outlook appeared on BitcoinEthereumNews.com. Key Takeaways SNDK shares jumped 34% throughout June, propelled by Micron’s exceptional quarterly results and projections indicating memory supply constraints extending to 2027 Following the rally, shares tumbled more than 31%, including a steep 20.7% decline over five consecutive trading sessions amid widespread tech sector weakness The downturn stemmed from escalating U.S.-Iran tensions and softness across Asian technology equities Bank of America increased its price objective on SNDK to $2,500, while Bernstein set a street-high target of $3,000 According to TipRanks, SNDK maintains Strong Buy consensus with 14 Buy recommendations and a mean price objective of $2,041.88 SanDisk (SNDK) experienced dramatic volatility through June and into early July. After surging 34% during the previous month, shares reversed course sharply alongside a comprehensive te

Microsoft plans to focus more on in-house AI models in an effort to reduce its costs for generative AI (genAI), Bloomberg reports. The company has begun using its own MAI models to handle some user AI requests in Word and Excel rather than relying solely on models from OpenAI and Anthropic. The company still uses third-party models, but has invested increasingly in its own AI solutions over the past year. At the Build developer conference in June, Microsoft unveiled seven new MAI models, including an AI code assistant and an image-generation model. As the costs of advanced genAI models have risen, several tech companies — including Amazon, Meta, and Accenture — have reportedly been trying to find ways to reduce their expenses.

A SpaceX-Tesla merger could revolutionize industries but faces regulatory challenges, impacting market dynamics and investor strategies. The post JPMorgan sees SpaceX-Tesla merger as strategically coherent despite hurdles appeared first on Crypto Briefing.

A SpaceX-Tesla merger could redefine industry landscapes, creating a $4 trillion giant, but faces regulatory and governance challenges. The post JPMorgan sees strategic logic in potential SpaceX-Tesla merger despite hurdles appeared first on Crypto Briefing.

Microsoft has reportedly begun relying more heavily on its own in-house MAI models rather than third-party AI from OpenAI and Anthropic, according to a Bloomberg report. The company has started using MAI models to handle a portion of user prompts within Excel and Word, marking a shift from its previous approach of powering large parts […]