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SK Hynix’s $38 billion buildout has a name attached: Nvidia Opeyemi Babalola Sun, August 9, 2026 at 11:33 PM GMT+10 5 min read SKHY NVDA Every high-end Nvidia AI chip that ships this year comes bundled with someone else's manufacturing bet. The stacked memory wrapped around each processor, the component that lets a GPU actually move data fast enough to be useful, comes almost entirely from one supplier. SK Hynix Inc. ( SKHY ) is that supplier, and on Friday it committed $38 billion to keep it that way through 2031. The company's board approved roughly $54.3 trillion won, about $38.3 billion, s…

'Very little to like': Wall Street assesses surprise July jobs report as stocks jump Ines Ferré · Senior Business Reporter Sun, August 9, 2026 at 9:35 PM GMT+10 2 min read ^GSPC ^IXIC ^DJI NVDA MSFT Wall Street is increasingly betting the latest jobs report will take a Fed rate hike off the table and give stocks room to climb. The Bureau of Labor Statistics' July labor market report showed the economy lost 23,000 jobs, far short of expectations. The unemployment rate fell to 4.1% as labor force participation dropped to a near-pandemic low. More from Yahoo Scout What are analysts' stock market…

The global buildout of AI infrastructure reached a new milestone today — Firebird, an emerging AI cloud, launched the CIS region’s largest AI factory in Armenia, establishing a new AI computing hub powered by NVIDIA accelerated computing and Dell Technologies high-performance AI infrastructure . Nikol Pashinyan, prime minister of the Republic of Armenia; Zhaslan Madiyev, deputy prime minister of the Republic of Kazakhstan; and David Allen, U.S. chargé d`affaires, a.i. in Armenia, attended the AI factory opening ceremony. AI factories are the foundational infrastructure for the AI era, providin…