📈 Stocks / Finance

AMD Upgraded to Buy on AI Chip Momentum

Investor’s Business Daily

AMD stock rose 4.2% to $144.16 after HSBC upgraded it to 'buy' and doubled the price target to $200, citing strong AI GPU prospects. Analyst Frank Lee sees 'significant upside' in FY26 AI revenue, highlighting the MI350 and upcoming MI400 rack architecture.

TSMC Beats Sales Estimates With 27% June Growth

Investor’s Business Daily

TSMC reported June revenue of $8.9B, topping $8.51B estimates and rising 26.9% YoY. Q2 revenue hit $30.17B vs. $29.78B expected. Despite strong results, shares fell 0.9% after touching a record high of 237.58 on July 3. Full Q2 results are due July 17.

American Airlines Rises on Delta’s Strong Earnings

Yahoo Finance

American Airlines stock surged 13.7% after Delta posted strong Q2 results and a bullish travel outlook. Investors expect similar momentum for AAL ahead of earnings. Despite the spike, AAL remains down 24.2% YTD and trades 30.9% below its January high.

🪙 Crypto

BIT Mining Soars 100% on $300M Solana Treasury Move

Investopedia

BIT Mining Ltd. announced plans to invest $200M–$300M in Solana, converting existing crypto holdings to build a Solana treasury. U.S.-listed shares (BTCM) jumped over 100% on the news, reversing YTD losses. CEO called it a 'strategic shift' into the Solana ecosystem.

🌎 Global Economy

BIS warns of long-term inflation risks at 'pivotal moment'

Middle East Economy

The BIS says the global economy faces a 'pivotal moment' as inflation risks remain high. Its annual report warns that delaying further monetary tightening could entrench inflation, urging central banks to keep rates higher for longer to avoid financial instability.