Topic
294 posts tagged “Markets”.
Kurumi · · 6 min read Schneider Electric agreed to buy PTC for $205 a share in cash, a $22.6B deal and 42% premium. PTC jumped about 33% while Schneider fell. Terms and analysis.
Kurumi · · 5 min read A dual-class share structure gives some shares more votes than others, so founders keep control with a minority stake. How it works and the trade-offs.
Kurumi · · 5 min read Deferred revenue is cash a company has received for goods or services it has not yet delivered. How it is recorded, recognized, and read by investors.
Kurumi · · 5 min read Operating leverage measures how much a company's operating profit changes when revenue changes, driven by its fixed costs. How it works and why it matters.
Kurumi · · 5 min read WACC blends a company's cost of equity and cost of debt into one discount rate, used to value cash flows and judge whether a project clears its hurdle.
Kurumi · · 4 min read A short squeeze happens when rising prices force short sellers to buy back shares to cover, driving the price up further in a feedback loop.
Kurumi · · 5 min read Escrow is a neutral third party that holds money or assets until agreed conditions are met. How it works in real estate, M&A, and startup deals.
Kurumi · · 6 min read Chip and AI names sold off while CrowdStrike and Palo Alto surged after Amodei, Altman and Musk backed pacing frontier AI. Jensen Huang pushed back.
Kurumi · · 4 min read Goodwill is the premium a buyer pays over a target's net identifiable assets — brand, talent, and customer relationships an acquirer can't itemize.
Kurumi · · 4 min read A golden share is a special class of stock that gives its holder veto power over key corporate decisions, regardless of how small its economic stake is.
Kurumi · · 5 min read ROA measures how efficiently a company turns its total assets into profit, dividing net income by average total assets. How to read it and its limits.
Kurumi · · 5 min read ROIC measures the after-tax return a company earns on all the capital — debt and equity — invested in its operations, a core test of capital efficiency.
Kurumi · · 6 min read Fluidstack, an Oxford-founded neocloud backed by Google, has reached a roughly $18 billion valuation on the back of a ~$50B Anthropic deal and Google TPU hosting.
Kurumi · · 6 min read Adobe named Anil Chakravarthy its next CEO, replacing Shantanu Narayen on Dec. 1 amid investor fears that AI is disrupting its creative software.
Kurumi · · 4 min read Mistral raised €3 billion led by Samsung at a €21B+ valuation — Europe's largest tech round. Here are the investors, the numbers, and the strategy behind it.
Kurumi · · 4 min read A zero-coupon bond pays no periodic interest — it's sold at a discount to face value and pays that full face value at maturity instead.
Kurumi · · 5 min read Ahead of Anthropic's IPO, would-be investors are demanding granular metrics like revenue per token and per gigawatt of compute. Here's what the numbers show.
Kurumi · · 6 min read A holiday-shortened week brings August CPI on Friday, Oracle and Adobe earnings Thursday, and Apple's iPhone event Wednesday. What to watch.
Kurumi · · 6 min read Gimlet Labs raised $300M at a $3B valuation in a Series B led by a16z to scale its multi-silicon inference cloud for agentic AI. The backers, the tech, the stakes.
Kurumi · · 4 min read A leveraged loan is a floating-rate loan to a company that already carries significant debt or a below-investment-grade credit rating, priced accordingly.
Kurumi · · 6 min read Mira Murati's Thinking Machines Lab is in talks to raise $1B at a $40B valuation led by Accel — more than triple its seed price. The deal and what to watch.
Kurumi · · 4 min read A clawback provision lets a company reclaim already-paid compensation or equity when specific conditions, like fraud or a restatement, are triggered.
Kurumi · · 5 min read A call option is the right to buy a stock at a set price; a put option is the right to sell at a set price. How each works, and what buyers and sellers risk.
Kurumi · · 4 min read US payrolls rose 162,000 in August, nearly triple forecasts. The hot print pushed the 2-year yield to a 2025 high and lifted odds of a September Fed rate hike.
Kurumi · · 4 min read NPV discounts future cash flows to today's dollars at a chosen rate; IRR finds the rate that makes NPV zero. Here's when the two methods disagree.
Kurumi · · 5 min read A HELOC is a revolving credit line secured by home equity, with a draw period for borrowing and a separate repayment period that follows it.
Kurumi · · 5 min read AI data center builder Crusoe raised over $3 billion at a $30 billion valuation, roughly tripling its worth in ten months as Mubadala and others piled in.
Kurumi · · 5 min read Snowflake Q2 FY2027 product revenue rose 37% to $1.49B and full-year guidance was raised, sending shares up over 20%. The key numbers and outlook.
Kurumi · · 5 min read Inflation is the rate at which prices rise and purchasing power falls over time, typically measured by the Consumer Price Index. How CPI is calculated.
Kurumi · · 4 min read A reverse merger lets a private company go public by merging into an existing public shell company, skipping a traditional IPO. How the deal works.
Kurumi · · 4 min read Factor investing targets specific, historically persistent drivers of stock returns — value, size, momentum, quality — instead of picking individual names.
Kurumi · · 5 min read Moonshot AI confidentially filed for a Hong Kong IPO, targeting about $3B on the strength of its Kimi K3 model and a $50 billion private valuation. Here's the breakdown.
Kurumi · · 4 min read Fundamental analysis values a company from its financials; technical analysis reads price charts for patterns. How each approach works, and when to use them.
Chisato · · 5 min read AI training-data startup AfterQuery hit a $3.2B valuation about five months after a $300M Series A, making it Y Combinator's fastest company to reach unicorn status.
Kurumi · · 6 min read Broadcom's fiscal Q3 2026 revenue hit a record $29.6B as AI chip sales more than tripled to $16.7B, but light Q4 guidance sent the stock lower.
Kurumi · · 4 min read Sum-of-the-parts valuation values each business segment of a diversified company separately, then adds them up — often revealing value a single blended multiple misses.
Kurumi · · 4 min read FIFO and LIFO decide which inventory costs hit the income statement first, changing reported profit and taxes without changing a single unit sold.
Kurumi · · 5 min read The efficient market hypothesis holds that asset prices already reflect available information, making it hard to consistently beat the market by picking stocks.
Kurumi · · 5 min read Uber is cutting 3,300 jobs — about 10% of staff — to flatten management and fund a $10B robotaxi bet. Here are the numbers and what changes.
Kurumi · · 6 min read South Korea's chip exports jumped 209% in August 2026 to a record $46.65B — nearly half of all exports — as hyperscaler AI spending drove demand.
Kurumi · · 5 min read Broadcom reports fiscal Q3 on September 2 with AI semiconductor revenue guided to $16 billion. Here's the setup, the numbers, and what to watch.
Kurumi · · 6 min read Dell and Palo Alto Networks both report after the close on September 1. Consensus estimates, the AI hardware vs cybersecurity debate, and what to watch.
Kurumi · · 6 min read OpenAI says ChatGPT Ads reached a $1B annualized run rate in under 200 days, with self-serve buying opening in Europe, India and MENA. What the numbers show.
Kurumi · · 4 min read A special dividend is a one-time cash payout to shareholders, separate from a company's regular dividend. Why companies pay them and how they affect the stock price.
Kurumi · · 6 min read Meta agreed to pay up to $16.68 billion to settle 29 states' claims it built Facebook and Instagram to addict teens. The terms, the changes, and what's next.
Kurumi · · 5 min read A convertible bond pays interest like ordinary debt but lets the holder exchange it for a fixed number of shares — trading some yield for upside if the stock rallies.
Kurumi · · 5 min read Nvidia has paused its revenue-sharing cloud financing program less than two months after launch, as staff flagged antitrust risk over its control demands.
Kurumi · · 4 min read A market circuit breaker is an automatic trading halt triggered when an index falls a set percentage, giving markets a pause during extreme volatility.
Kurumi · · 5 min read August jobs data lands Friday as markets price rising odds of a September rate hike, with Broadcom and Palo Alto Networks earnings testing the AI trade.
Kurumi · · 5 min read Andreessen Horowitz raised $1.1 billion for its Machine Age Fund to back chips, data centers, and robotics — the physical buildout behind the AI boom.
Kurumi · · 4 min read A green bond is debt whose proceeds are earmarked for environmentally beneficial projects. How it works and how it differs from a regular bond.
Kurumi · · 6 min read Anthropic is pitching IPO investors a $30 trillion total addressable market and a valuation near $2 trillion. Here's what's behind the number and the risks.
Kurumi · · 4 min read An earnout is a deal structure where part of an acquisition's price is paid later, contingent on the acquired company hitting agreed targets.
Kurumi · · 4 min read A 403(b) is a tax-advantaged retirement plan for public school, nonprofit, and religious-sector employees. How it compares to a 401(k).
Kurumi · · 5 min read A proxy statement (DEF 14A) is the SEC filing that discloses executive pay, board nominees, and shareholder votes ahead of a company's annual meeting.
Kurumi · · 5 min read Marvell posted record Q2 FY2027 revenue of $2.74B on a 46% data center surge, raised its outlook again, and guided Q3 to $3.15B. The numbers and what they mean.
Kurumi · · 6 min read Nvidia has paused its $36 billion AI Compute Partnership over antitrust and control concerns, sending CoreWeave, Nebius, and IREN shares lower.
Kurumi · · 5 min read Nvidia's server builders have told Microsoft, Google and Oracle that Vera Rubin and Grace Blackwell system prices will climb more than 15% from early 2027 as memory costs soar.
Kurumi · · 4 min read FDIC insurance protects up to $250,000 per depositor, per bank, per ownership category if an insured bank fails. How the coverage actually works.
Kurumi · · 4 min read Liquidity is how easily an asset can be bought or sold without moving its price. High-liquidity markets have tight spreads; low-liquidity ones don't.
Kurumi · · 5 min read A DCF values a company by projecting its future free cash flows and discounting them to present value — the core method behind most valuations.
Chisato · · 6 min read Nvidia has agreed to acquire Hugging Face, the 'GitHub of AI,' for $12.9 billion. Here's the price, the strategy, and what it means for open-source AI.
Kurumi · · 3 min read A blue chip stock is shares in a large, well-established, financially sound company with a long record of stable performance and often a dividend.
Kurumi · · 4 min read A bond covenant is a contractual promise a borrower makes to bondholders — a rule that protects lenders by restricting what the issuer can do.
Kurumi · · 6 min read SoftBank is weighing a $10–20 billion bond sale to refinance a $40 billion bridge loan behind its OpenAI investment. The deal structure and what it signals.
Kurumi · · 4 min read Treasury stock is a company's own shares it has repurchased and holds rather than retired, recorded as a contra-equity line that reduces shareholders' equity.
Chisato · · 5 min read Hugging Face, the open-source AI hub, is reportedly exploring a sale valuing it at $13 billion or more. Here's the revenue, the backers, and why it matters.
Kurumi · · 4 min read An IPO lock-up period bars insiders and early investors from selling shares for a set window after the offering, usually 90 to 180 days.
Kurumi · · 5 min read Amazon quietly hiked Echo, Kindle, Fire TV and eero prices by up to 60%, blaming surging memory and storage costs driven by the AI data-center boom.
Kurumi · · 5 min read OpenAI's IPO is now leaning toward 2027 as Sam Altman holds out for a $1 trillion valuation. Here's the timeline, the revenue numbers, and what to watch.
Kurumi · · 6 min read Semiconductor stocks enter a decisive week caught between a 19-year high in long-term yields and rate-cut hopes, with Nvidia's report Wednesday the main event.
Kurumi · · 5 min read Nvidia reports Wednesday and Fed Chair Warsh makes his Jackson Hole debut alongside July PCE on Friday — a pivotal week that will test the AI trade.
Kurumi · · 4 min read Preferred stock pays fixed dividends and ranks above common stock in a liquidation, but usually gives up voting rights and upside. Here's the tradeoff.
Kurumi · · 4 min read Alpha measures return in excess of what a portfolio's risk level predicts; beta measures that risk itself. Together they separate skill from market exposure.
Kurumi · · 4 min read The debt-to-equity ratio compares a company's total liabilities to shareholder equity to gauge financial leverage. How to read it.
Kurumi · · 4 min read A dark pool is a private venue where buy and sell orders are matched without being shown publicly beforehand. Why they exist and who actually uses them.
Kurumi · · 6 min read Japan's METI is seeking ¥150 billion ($944M) more for chipmaker Rapidus in its FY2027 budget, backing a long-shot bid for 2nm mass production by 2027.
Kurumi · · 6 min read CBRE says New York has passed the San Francisco Bay Area as North America's largest tech talent market for the first time, with 394,300 workers. What's driving the shift.
Kurumi · · 6 min read Broadcom is seeking more than $60 billion in debt to fund custom AI chips for Anthropic and others, a package that could approach $100 billion. Here's the structure.
Kurumi · · 4 min read A repurchase agreement, or repo, is a short-term loan collateralized by securities — the plumbing behind overnight cash markets.
Kurumi · · 4 min read A direct listing lets a company's existing shares start trading publicly without issuing new stock or using underwriters to set the price.
Kurumi · · 6 min read Alibaba's June-quarter revenue rose 9% and cloud grew 45% on AI demand, while net income fell 75% as capex surged to nearly $10B. Full breakdown.
Kurumi · · 4 min read An expense ratio is the annual percentage of a fund's assets taken out to cover management costs — how it's calculated and why it compounds over decades.
Kurumi · · 5 min read Etched raised $700M led by Jane Street at a $21B valuation, doubling in a month, and shipped its first Sohu inference rack. The deal and the risks.
Kurumi · · 7 min read Marvell gave Google a warrant for up to $12.2B in shares tied to custom AI chip sales through fiscal 2033. The deal, the vesting, and the read-across to Broadcom.
Kurumi · · 6 min read Samsung raised advanced contract chip prices by up to 15% as AI demand fills its 4nm and 5nm lines. Chinese customers face the steepest hikes. What it means.
Kurumi · · 5 min read A liquidation preference sets who gets paid first, and how much, when a startup is sold — often the term that most shapes investor and founder payouts.
Kurumi · · 5 min read A term sheet outlines a proposed investment's key terms — valuation, ownership, control — before lawyers draft the binding legal agreements.
Kurumi · · 6 min read A coalition of 29 states opened a landmark trial against Meta in Oakland, alleging Instagram and Facebook were built to addict teens. What's at stake.
Kurumi · · 4 min read A cap table is the ledger of who owns what percentage of a company. How it tracks founders, investors, and options, and why it gets messy fast.
Kurumi · · 6 min read Cerebras' Q2 2026 cloud revenue jumped 281% on the OpenAI ramp and it raised full-year guidance, yet the stock fell. The numbers, the RPO, and the warrant math.
Kurumi · · 6 min read Semiconductors led a broad selloff on August 18, 2026 as the 30-year Treasury yield hit a 19-year high and AI valuation worries resurfaced. Here's why.
Kurumi · · 6 min read Anthropic told investors its annualized revenue run rate reached $65 billion in July, up from $47B in May, as it lines up a record fall IPO. The numbers.
Kurumi · · 4 min read A 409A valuation sets the fair market value of a private company's common stock, setting the strike price for employee stock options. How it works.
Kurumi · · 4 min read The current ratio and quick ratio both measure short-term liquidity, but the quick ratio excludes inventory. How to read and compare them.
Kurumi · · 4 min read An annuity is a contract with an insurer that converts a lump sum into a stream of payments, often for life. How the main types differ.
Kurumi · · 6 min read Micron closed above $1,000 for the first time as SanDisk, Western Digital and chip-equipment makers rallied on surging HBM and DRAM demand.
Kurumi · · 4 min read A greenshoe option lets IPO underwriters sell up to 15% more shares than planned, giving them a tool to stabilize the stock price after listing.
Kurumi · · 4 min read A robo-advisor builds and rebalances a diversified portfolio automatically based on your risk profile, usually for lower fees than a human advisor.
Kurumi · · 6 min read Nvidia will guarantee up to $105B for OpenAI's Pike County, Ohio data center and invest $1.5B in SB Energy. The terms, the lease, and the circular-financing fallout.
Kurumi · · 6 min read Nvidia reports Q2 fiscal 2027 results on August 26. The Street sees roughly $93–95B in revenue against $91B guidance. Here's what matters for the AI trade.
Kurumi · · 7 min read Home Depot, Target, and Walmart report and the Fed's July minutes land as the S&P 500 sits at records — a retail week to test the US consumer.
Kurumi · · 4 min read An accredited investor meets income, net-worth, or professional thresholds that unlock access to private placements, hedge funds, and venture deals.
Kurumi · · 4 min read Insider trading means trading on material, nonpublic information. Some of it is legal and disclosed; trading on secret information to gain an edge is not.
Kurumi · · 5 min read An ESPP lets employees buy company stock through payroll deductions, often at a discount — here's how the mechanics and the tax treatment work.
Kurumi · · 5 min read Nvidia's Q2 13F disclosed a $21B SpaceX stake and a $30B Intel windfall, revealing a $63B equity portfolio tightly tied to its own chip customers.
Kurumi · · 6 min read Cisco posted record Q4 FY2026 revenue of $17.3B and $9.3B in AI infrastructure orders, yet shares fell. What the earnings mean for the AI networking trade.
Kurumi · · 4 min read Book value is a company's total assets minus total liabilities — its net worth on the balance sheet. How it's calculated and where it falls short.
Kurumi · · 4 min read The bid-ask spread is the gap between the highest price buyers will pay and the lowest price sellers will accept. What sets its width and why it matters.
Kurumi · · 6 min read Anthropic's Q2 revenue jumped over 14-fold to more than $11.5 billion ahead of a reported October IPO targeting a $2 trillion valuation. The figures and the risks.
Kurumi · · 4 min read Portfolio rebalancing sells winners and buys laggards to restore target allocations, keeping risk in check as markets move holdings out of line.
Kurumi · · 4 min read A golden cross is a short-term moving average crossing above a long-term one, seen as bullish; a death cross is the same crossover in reverse, seen as bearish.
Kurumi · · 4 min read A tender offer is a public bid to buy shares directly from shareholders at a set price, bypassing the board — often used in takeovers and buybacks.
Kurumi · · 4 min read A leveraged ETF uses swaps and futures to deliver a multiple of an index's daily return — and daily resets mean long-term returns can diverge sharply.
Kurumi · · 5 min read SMIC's Q2 profit surged 262% to $479M as revenue rose 36% and margins expanded, sending the Chinese foundry's Hong Kong shares up as much as 6.4%.
Kurumi · · 5 min read Applied Materials posted a record $9.12B in Q3 revenue, up 25%, and guided Q4 to $10.25B as AI chip demand lifts its 2026 equipment outlook above 30%.
Kurumi · · 5 min read Vantage Data Centers is weighing an IPO at about a $100 billion valuation or an outright sale, in what would be the largest data center listing to date.
Kurumi · · 6 min read Cool July CPI and a 21% CoreWeave surge lifted the Nasdaq and S&P 500 on Aug 12, 2026, as an AI-infrastructure earnings run met an in-line inflation print.
Kurumi · · 5 min read The KOSPI jumped 3.7% as Samsung rose 6.7% and SK Hynix 5.5%, powered by a Temasek investment report, shareholder-return hopes and fading AI capex fears.
Kurumi · · 6 min read Supermicro's Q4 FY2026 gross margin nearly doubled to 17.6% and it booked $60B in new orders, sending shares up 15%. The numbers behind the SMCI rebound.
Kurumi · · 4 min read Return on equity measures how much profit a company generates for every dollar of shareholder equity, a core gauge of how efficiently it's run.
Kurumi · · 4 min read A credit rating is a letter-grade opinion on how likely a borrower is to repay debt, set by agencies like S&P, Moody's, and Fitch.
Kurumi · · 4 min read Arbitrage is profiting from a price gap for the same asset in different markets, buying low and selling high nearly simultaneously with minimal risk.
Chisato · · 6 min read AgiBot shipped ~8,400 humanoid robots in H1 2026 to take 44% of the global market, passing Unitree. China now makes 97% of all humanoids. The numbers explained.
Kurumi · · 6 min read Nvidia lined up $500B from BlackRock, Blackstone, Apollo, KKR, Brookfield and Goldman to finance AI compute — and to make chips an asset class.
Kurumi · · 4 min read A DRIP automatically reinvests cash dividends into more shares, often commission-free, compounding returns without a manual trade each time.
Kurumi · · 4 min read The PEG ratio divides a stock's P/E by its expected earnings growth rate, giving a quick read on whether a high multiple is actually justified.
Kurumi · · 6 min read TSMC reported record July revenue of NT$467.58 billion, up 44.7% year over year on AI chip demand. The numbers, the raised guidance, and what to watch.
Kurumi · · 4 min read A bond's coupon rate is fixed at issuance; yield to maturity reflects its current price and time to maturity. How the two diverge and why it matters.
Kurumi · · 4 min read Intel plans to raise $15B in a common-stock sale to fund AI silicon, advanced packaging and foundry expansion. The details, dilution math, and what to watch.
Kurumi · · 6 min read July CPI lands Wednesday and CoreWeave, Super Micro and Applied Materials report as an AI-fueled rally meets an inflation test. What to watch this week.
Kurumi · · 4 min read A target-date fund is a single fund that shifts from stocks to bonds automatically as a chosen year approaches, following a preset glide path.
Kurumi · · 5 min read UK startup OLIX raised $312M at a $3.3B valuation for its optical AI inference chips, backed by Arm and Reed Hastings. What the photonic bet means.
Kurumi · · 4 min read Diversification spreads money across uncorrelated holdings so no single loss sinks a portfolio — it cuts risk without necessarily cutting return.
Chisato · · 5 min read The Trump administration is drafting an FCC ban on Chinese optical transceivers for US data centers. Who wins, who loses, and what it means for AI.
Kurumi · · 4 min read Asset allocation is how a portfolio is split across stocks, bonds, and cash — the mix that drives most of a portfolio's long-run risk and return.
Kurumi · · 6 min read IonQ posted record Q2 2026 revenue of $80M, up 287%, and closed its $1.8B SkyWater acquisition — but a warrant charge drove a $1.87B net loss. The breakdown.
Kurumi · · 5 min read A rights offering lets existing shareholders buy new shares at a discount before anyone else, raising capital while giving current investors first refusal.
Kurumi · · 4 min read A golden parachute is a contract guaranteeing an executive a large payout if they're terminated after a merger or takeover, even without cause.
Kurumi · · 4 min read A bull market is a sustained rise in prices; a bear market is a sustained decline, conventionally defined as a 20% drop from a recent high.
Kurumi · · 6 min read Astera Labs posted record Q2 2026 revenue of $392.4M, up 104%, and guided Q3 far above estimates as Scorpio fabric switches ramp early. The numbers that matter.
Kurumi · · 6 min read Michael Burry disclosed short positions in Oracle and Nebius, warning that AI infrastructure leverage has pulled years of demand into one window. What to watch.
Kurumi · · 6 min read A surprise drop in July payrolls sent Wall Street to record highs on Aug 7, 2026, as rate-cut bets firmed and Atlassian surged 36% on earnings.
Kurumi · · 4 min read A callable bond lets the issuer repay the principal early, before maturity. It pays a higher yield than a comparable bond to compensate for that risk.
Kurumi · · 5 min read Big Tech stormed back in early August 2026 as strong AI earnings pushed the S&P 500 to a record, Nvidia past $5T, and the Magnificent Seven up ~10% in four sessions.
Kurumi · · 6 min read AppLovin stock fell about 20% after Q2 2026 revenue rose 53% but light Q3 guidance signaled slowing growth. Here's what the numbers and Axon rollout show.
Kurumi · · 6 min read SoftBank booked an $8.2B gain on Intel and posted a record net asset value, but profit fell 18% and shares slid as investors weighed its AI bets.
Kurumi · · 4 min read The price-to-book ratio compares a company's market price to its net asset value on the balance sheet, a classic value-investing screen. How it's calculated, and where it misleads.
Kurumi · · 5 min read The income statement, balance sheet, and cash flow statement each answer a different question about a company. How they connect and what each one shows.
Kurumi · · 5 min read SanDisk's fiscal Q4 2026 revenue jumped 372% to $8.97B with 84.6% gross margin as datacenter NAND booms. Here are the numbers, guidance, and what to watch.
Kurumi · · 5 min read Robinhood is listing Ventures Fund II (RVII) on the NYSE, giving retail investors access to 80 Y Combinator-linked startups — with a 2-and-20 fee catch.
Kurumi · · 4 min read Cost basis is what you paid for an investment, adjusted for fees and reinvested dividends — it's the number capital gains tax is calculated from.
Kurumi · · 5 min read Unitree priced China's first humanoid-robot IPO at 150.80 yuan a share, raising about $904M on Shanghai's STAR Market at a ~$9B valuation. The numbers explained.
Kurumi · · 4 min read Gross, operating, and net margin each strip out different costs to show profitability at a different layer of the income statement. Here's what each one isolates.
Kurumi · · 6 min read AMD posted record Q2 2026 revenue of $11.5B as data center sales more than doubled, and guided Q3 above estimates — yet the stock fell. The full breakdown.
Kurumi · · 6 min read SpaceX's first earnings since its June IPO showed Q2 revenue up 92% to $7.8B on Starlink strength, but $18.4B in capex sent shares down 8%. The breakdown.
Kurumi · · 4 min read The Rule of 72 estimates how many years it takes an investment to double: divide 72 by the annual return rate. How accurate it is, and its limits.
Kurumi · · 4 min read A stop-loss order automatically sells a security once it falls to a set trigger price, capping downside without watching the market all day.
Kurumi · · 6 min read Amazon became the fifth company ever to cross a $3 trillion market cap on August 3, 2026, powered by accelerating AWS cloud and AI demand. What drove it.
Chisato · · 7 min read Alibaba unveiled Qwen 3.8-Max, a 2.4-trillion-parameter model with a 1M-token context that it says beats Kimi K3 on several tests. Shares jumped up to 7%.
Kurumi · · 6 min read Palantir's Q2 2026 revenue jumped 93% to $1.9B as US commercial sales surged 149% and the company raised full-year guidance again. The full breakdown.
Kurumi · · 5 min read Buybacks and dividends both return cash to shareholders, but they differ in tax treatment, flexibility, and who benefits. How to compare the two.
Kurumi · · 6 min read Chinese VC firms are raising about $35 billion across 60-plus new dollar funds, the biggest wave since 2023, chasing AI, robotics and chip startups.
Kurumi · · 5 min read AMD reports Q2 2026 results on August 4. Analysts expect about $11.3B in revenue and $1.61 EPS, with the data center and MI450 ramp in focus. What to watch.
Kurumi · · 5 min read Tax-loss harvesting sells losing investments to offset capital gains and up to $3,000 of ordinary income each year, then reinvests the proceeds.
Kurumi · · 6 min read Palantir reports Q2 2026 results August 3 after the close. Consensus sees ~$1.81B revenue, up ~80%, as commercial overtakes government. What to watch.
Kurumi · · 4 min read A 10-K is a public company's audited annual report to the SEC; a 10-Q is its unaudited quarterly update. What each contains and when they're filed.
Kurumi · · 5 min read South Korea's July exports rose 62.8% to $98.89B, the second-highest ever, as chip shipments jumped 179% on AI memory demand, trade ministry data showed.
Kurumi · · 5 min read Qualcomm will raise Snapdragon chip prices by double digits on Sept. 1, 2026, blaming a memory cost surge. Here's the earnings context and the hit to phone buyers.
Kurumi · · 4 min read A secondary offering is new or existing stock sold to the public after a company's IPO — how it differs from an IPO, and why it can dilute shareholders.
Kurumi · · 4 min read A Dutch auction starts at a high price and descends until a buyer accepts — used in IPO pricing, treasury auctions, and some token sales.
Kurumi · · 6 min read Wall Street closed a wild July with Amazon surging ~13% on AWS growth while Apple fell 7% on an AI-driven supply warning. The AI trade, in one session.
Kurumi · · 4 min read Treasury bills are short-term government debt sold at a discount to face value, with the difference functioning as the interest paid to the holder.
Kurumi · · 4 min read A moving average smooths out price noise by averaging recent data points over a rolling window. How simple and exponential moving averages work.
Kurumi · · 4 min read Growth stocks are priced for future earnings expansion; value stocks trade below what their current fundamentals suggest. How to tell the two apart.
Kurumi · · 4 min read A margin call is a broker's demand for more cash or securities after a leveraged position loses value. How maintenance margin works and how it gets triggered.
Kurumi · · 5 min read TSMC is developing silicon-bridge packaging similar to Intel's EMIB with Kinsus, an alternative to sold-out CoWoS. Intel and AMD stocks jumped on the report.
Kurumi · · 5 min read Semiconductor stocks staged their biggest rally in 15 months on July 30, 2026 as Micron, AMD and Lam Research surged after Microsoft's cloud beat. Why.
Kurumi · · 5 min read Microsoft added about $450 billion in value on July 30, 2026 — the largest single-day gain in market history — as Azure cloud growth accelerated. What drove it.
Kurumi · · 5 min read Apple's fiscal Q3 2026 revenue hit a record $109.4B, up 16%, on strong iPhone sales. But weak guidance and a China miss sent shares lower after hours.
Kurumi · · 6 min read Amazon's Q2 2026 revenue crossed $200B for the first time as AWS grew 37%, its fastest in five years. Capex guidance rose to $220B. Full breakdown.
Kurumi · · 5 min read A poison pill lets shareholders buy discounted shares once an acquirer crosses an ownership threshold, diluting that stake to deter hostile takeovers.
Kurumi · · 6 min read Amazon reports Q2 2026 results July 30 after the close. AWS reacceleration, a fresh capex hike, and Trainium's ramp are what the market will judge.
Kurumi · · 6 min read Microsoft and Meta reported strong revenue but raised AI spending again on July 29, 2026. Azure topped $100B, Meta lifted capex to $145B, and both stocks wobbled.
Kurumi · · 6 min read South Korea's KOSPI triggered back-to-back circuit breakers and memory names shed 30% as the AI memory trade unwound — even with record earnings and rising prices.
Kurumi · · 5 min read A credit default swap is insurance against a bond issuer defaulting: the buyer pays a premium, the seller pays out if the underlying debt fails.
Kurumi · · 4 min read A covered call is an options strategy where you sell a call against stock you already own, collecting premium in exchange for capping your upside.
Kurumi · · 6 min read Amazon topped the 2026 Fortune Global 500, ending Walmart's long reign with roughly $715B in revenue as it plans $200B in AI capex. What the ranking signals.
Kurumi · · 5 min read Beta measures how much a stock moves relative to the overall market — above 1 means more volatile, below 1 means less. How it's calculated and its limits.
Kurumi · · 4 min read A stock warrant gives the holder the right to buy shares directly from the company at a set price before expiration — issued by the company, not traded exchanges.
Kurumi · · 4 min read The Sharpe ratio measures return earned per unit of risk taken, letting investors compare two investments with different volatility on equal footing.
Kurumi · · 5 min read The Nasdaq 100 entered correction on July 28, 2026 as an AI memory selloff sent Kospi into a circuit breaker and Micron, SK Hynix and Nvidia lower. Here's why.
Kurumi · · 4 min read Depreciation spreads a tangible asset's cost over its useful life; amortization does the same for intangible assets and loan balances. How each works.
Kurumi · · 4 min read ChangXin Memory (CXMT) raised $8.6B in Asia's biggest IPO of 2026, then jumped ~470% on its Shanghai STAR Market debut. What the listing means for global DRAM.
Kurumi · · 6 min read Nvidia is putting $5 billion into Ilya Sutskever's Safe Superintelligence at a $32B valuation, with Vera Rubin access — for a lab with no product yet.
Kurumi · · 6 min read Chip stocks fell again July 27 as the SOX slid about 4% and money rotated into the Dow — a peak-cycle test right before Big Tech's earnings week.
Kurumi · · 4 min read A 10-K is a public company's audited annual report to regulators, covering financials, risk factors, and management discussion in far more detail than a press release.
Kurumi · · 4 min read EPS divides net income by outstanding shares to show profit per share. How basic and diluted EPS differ, and why EPS alone can mislead.
Kurumi · · 6 min read SK Hynix reports Q2 2026 earnings July 29 with record profit expected on HBM demand — the memory supercycle's first real test this season. What to watch.
Kurumi · · 6 min read Nvidia is reportedly weighing a $250 billion financing backstop for OpenAI's 10-gigawatt Ohio data center, reviving fears about circular AI deals.
Kurumi · · 6 min read Samsung and SK Hynix signed roughly $950 billion in chip-supply deals with US tech giants including Nvidia at Korea's San Francisco AI summit. The breakdown.
Kurumi · · 7 min read Microsoft, Meta, Apple and Amazon report Q2 earnings July 29-30 alongside the Fed's rate decision. The AI-capex week that could set the market's tone.
Kurumi · · 6 min read Nvidia is prepaying Amkor $1.5 billion to expand advanced chip packaging in Arizona, building a second CoWoS source outside TSMC. The deal and what's next.
Kurumi · · 5 min read A money market fund is a mutual fund that holds short-term, high-quality debt to preserve cash while paying interest. How it works and its risks.
Kurumi · · 4 min read A Health Savings Account (HSA) is a triple-tax-advantaged account for medical expenses, paired with a high-deductible health plan. How HSAs work.
Kurumi · · 4 min read Index funds and ETFs can track the same index, but they differ in how they trade, their minimums, and their tax treatment. Here's how to choose between them.
Kurumi · · 5 min read The EU fined Google €890M for search self-preferencing and Play Store steering — its first Digital Markets Act penalties. The breakdown, the 60-day deadline, and what's next.
Kurumi · · 6 min read Stripe is in talks to buy AI model marketplace OpenRouter for about $10 billion, roughly 8x its May valuation. The deal, the metrics, and what it signals.
Kurumi · · 5 min read A sinking fund sets aside money on a regular schedule to pay off a future debt or expense, reducing default risk and smoothing out a large future cost.
Kurumi · · 5 min read Bond duration measures how much a bond's price moves when interest rates change, expressed in years. Higher duration means more interest-rate risk.
Kurumi · · 4 min read A REIT is a company that owns income-producing real estate and must pay out most of its taxable income as dividends, letting investors buy in like a stock.
Kurumi · · 5 min read Chinese GPU designer MetaX has confidentially filed for a Hong Kong IPO, targeting a listing by end-2026 after a 693% Shanghai debut. The details and the anti-Nvidia push.
Kurumi · · 4 min read A 529 plan is a tax-advantaged investment account for education costs — contributions grow tax-free and qualified withdrawals aren't taxed at all.
Kurumi · · 5 min read Dassault Systèmes will acquire drug-safety AI firm ArisGlobal for ~$1.8B plus up to $200M in earnouts. The deal terms, ArisGlobal's LifeSphere platform, and why it matters.
Kurumi · · 5 min read OpenAI raised its planned compute and cloud spending through 2030 to about $750 billion, up from $600 billion, as new Oracle, AWS, and Azure deals stack up.
Kurumi · · 6 min read Intel Q2 2026 revenue rose 25% to $16.1B and shares jumped ~13%. Data Center grew 59%, foundry 31%, but a CHIPS-tied charge drove an $11B GAAP loss.
Kurumi · · 4 min read A CD locks up cash for a fixed term in exchange for a fixed interest rate, usually higher than a savings account. How CDs work and their trade-offs.
Kurumi · · 6 min read Intel reports Q2 2026 earnings July 23 after a 163% YTD run. Consensus is $14.4B revenue and $0.22 EPS. What to watch on 18A foundry, margins, and guidance.
Kurumi · · 4 min read Market cap prices the equity alone; enterprise value adds debt and subtracts cash to price the whole business. How to use each correctly.
Kurumi · · 5 min read AI hardware names like Super Micro and Dell jumped while ServiceNow and Workday slid after Alphabet's capex hike. Inside the picks-and-shovels rotation.
Kurumi · · 5 min read Tesla posted record Q2 revenue of $28.2B on 480K deliveries, but operating income fell 57% and profit missed. Margins, robotaxi, and capex breakdown.
Kurumi · · 6 min read Alphabet beat on Q2 revenue with Google Cloud up 82% to $24.8B, but a raised $195B-$205B capex forecast sent shares lower after hours. Full breakdown.
Kurumi · · 4 min read A 401(k) is an employer-sponsored retirement account with pre-tax or Roth contributions, tax-advantaged growth, and often a matching contribution.
Kurumi · · 5 min read A Nikkei study estimates five hyperscalers carry $1.65T in off-balance-sheet AI debt — more than their visible debt. Where it hides and why it matters.
Kurumi · · 5 min read Anthropic and OpenAI spent a combined $3.17M lobbying Washington in Q2 2026, a record, as export controls, state AI laws, and looming IPOs drive the fight.
Kurumi · · 4 min read A bond ladder splits an investment across bonds with staggered maturities, reducing interest-rate risk while keeping cash flowing back at regular intervals.
Kurumi · · 4 min read A Roth IRA taxes contributions upfront and grows tax-free; a traditional IRA defers tax until withdrawal. How the two account types compare.
Kurumi · · 4 min read A yield curve plots bond yields against their maturities, and its shape signals what investors expect about growth, inflation, and interest rates.
Kurumi · · 5 min read SAP closed its acquisition of Prior Labs and pledged over €1 billion to turn the tabular-AI startup into a European frontier lab. Why structured data is the next AI frontier.
Kurumi · · 6 min read CuspAI raised $450M at a $2.6B valuation to launch an AI Materials Foundry, backed by Kleiner Perkins, NEA, Bezos Expeditions and AMD Ventures. Here's the bet.
Kurumi · · 5 min read Etched is reportedly raising at a $20 billion valuation, quadrupling its price in weeks, on a chip hardwired for transformers. Here's the deal and the risk.
Kurumi · · 4 min read A stock index tracks a basket of stocks with a single number, using a construction methodology that determines what moves it. Here's how it works.
Kurumi · · 6 min read TSMC will invest another $100 billion in Arizona, adding four fabs and pushing its total US commitment to $265 billion. The plan, the numbers, and what to watch.
Kurumi · · 4 min read A market order executes immediately at the best price; a limit order waits for your price or better. How each works and when to use them.
Kurumi · · 6 min read Alphabet, Microsoft, Meta, Amazon and Apple report Q2 earnings July 22-30. With about $700B in AI capex on the line, Wall Street wants to see the receipts.
Kurumi · · 6 min read Apple reclaimed the world's most valuable company title from Nvidia on July 17, 2026, at about $4.88T. Why the AI trade is rotating from chips to apps.
Kurumi · · 4 min read Compound interest earns returns on both your original principal and previously earned interest, causing growth to accelerate rather than stay flat.
Kurumi · · 4 min read A leveraged buyout uses borrowed money, secured against the target company's own assets, to fund most of an acquisition's purchase price.
Kurumi · · 4 min read An economic moat is a durable competitive advantage that protects a company's profits from competitors over the long run. The main types, explained.
Kurumi · · 5 min read DeepSeek is raising a second round weeks after its first, with reports putting the target valuation as high as $74B as it preps a Shanghai STAR Market IPO.
Kurumi · · 5 min read EBITDA strips out interest, taxes, depreciation, and amortization to show core operating profit. How it's calculated, why investors use it, and its limits.
Kurumi · · 4 min read A hedge fund is a pooled investment vehicle for accredited investors that uses leverage, derivatives, and short selling to chase absolute returns.
Kurumi · · 5 min read Netflix beat on Q2 2026 EPS but soft Q3 revenue guidance sent shares to a one-year low. Revenue $12.56B, margin 33.4%, and a record $4.7B buyback.
Kurumi · · 6 min read Semiconductor stocks sank on July 16, 2026 even after TSMC crushed estimates. SK Hynix fell 11%, Arm slid 5%. Why good news triggered a selloff, and what to watch.
Kurumi · · 15 min read TSMC posted $40.2B in Q2 revenue and a 77% jump in net profit on AI chip demand, then raised its 2026 capex to $60–64B. The numbers and what to watch.
Kurumi · · 3 min read A mutual fund pools money from many investors into one managed portfolio. How mutual funds work, their fees, and how they compare to ETFs.
Kurumi · · 3 min read An IPO is when a private company sells shares to the public for the first time and lists on an exchange. How the process works, and what changes after.
Kurumi · · 5 min read SpaceX shares dipped below their $135 IPO price for the first time on July 15, down about 34% from their peak. What's driving the slide and what to watch.
Kurumi · · 5 min read Free cash flow is the cash a company generates after covering the capital spending needed to run its business. Why investors weight it over reported profit.
Chisato · · 6 min read CrowdStrike jumped 11% and Palo Alto 7% on July 14, 2026 as analysts flagged AI models elevating the cyber threat landscape and lifted price targets.
Kurumi · · 4 min read An options contract gives the holder the right, not the obligation, to buy or sell a stock at a set price by a set date. Calls and puts explained.
Kurumi · · 12 min read ASML posted €9.3B in Q2 net sales and lifted its full-year outlook to €43–45B on strong AI chip demand. Here are the numbers and what to watch next.
Kurumi · · 4 min read RSUs grant actual shares on vesting, while stock options grant the right to buy shares at a fixed price. How the two forms of equity compensation differ.
Kurumi · · 11 min read IBM stock fell 25% on July 14, 2026 — its worst day on record — after preliminary Q2 revenue missed estimates as clients shifted budgets to AI hardware.
Kurumi · · 4 min read Short selling means borrowing shares to sell now, hoping to buy them back cheaper later — a bet on a falling price with theoretically unlimited risk.
Kurumi · · 6 min read SK hynix fell a record 15% on July 13 after signaling it will slow its HBM4 ramp to chase DDR5 margins, reviving fears the AI memory boom is peaking.
Kurumi · · 5 min read Intel is investing €5 billion ($5.7B) to expand its Leixlip, Ireland campus, scaling Intel 3 production of Xeon 6 chips for AI demand. Here's the plan and why it matters.
Kurumi · · 5 min read A market maker quotes buy and sell prices continuously, profiting from the spread while providing the liquidity that keeps markets tradeable.
Kurumi · · 5 min read A SPAC is a shell company that raises money in an IPO, then merges with a private company to take it public without a traditional IPO process.
Kurumi · · 10 min read TSMC's June revenue jumped about 68% year over year on AI chip demand, setting up its July 16 Q2 report. Here are the numbers and what to watch.
Kurumi · · 5 min read Amazon returned to the bond market for $25 billion across eight tranches to fund AI data centers, then paused further 2026 debt. The deal and what it signals.
Kurumi · · 4 min read A dividend is a portion of a company's profit paid directly to shareholders, typically in cash per share. How payouts, yield, and reinvestment work.
Kurumi · · 6 min read Anthropic shares now trade at a $1.2 trillion implied valuation on secondary markets, passing OpenAI. What's driving the surge, and why it may not hold.
Kurumi · · 4 min read Vesting is the schedule by which an employee earns full ownership of granted equity over time. How cliffs, vesting periods, and acceleration work.
Kurumi · · 4 min read A bond is a loan you make to a government or company in exchange for regular interest and repayment of principal at maturity. How pricing and yield work.
Kurumi · · 4 min read Startup funding rounds move from pre-seed through Series C and beyond, each trading equity for capital at a higher valuation. How each stage works.
Kurumi · · 6 min read The Federal Reserve tapped a16z's Marc Andreessen to co-lead a task force on AI, productivity, and jobs. What the panel does and why it matters for policy.
Kurumi · · 5 min read Dollar-cost averaging means investing a fixed amount on a regular schedule regardless of price. How it works, and its real tradeoffs versus lump sum.
Kurumi · · 5 min read Micron will invest up to $3 billion to strengthen the US chip supply chain, anchored by a GlobalWafers deal. Shares jumped 7%. Here's the plan and why it matters.
Kurumi · · 4 min read An ETF is a basket of securities that trades on an exchange like a stock. How creation and redemption work, and how ETFs differ from mutual funds.
Kurumi · · 4 min read A stock split increases a company's share count and lowers its price proportionally, leaving total market value and each investor's stake unchanged.
Kurumi · · 6 min read Bain Capital sold its final Kioxia stake, ending an $18B bet that returned roughly $15B as AI storage demand sent the shares up more than 4,500%.
Kurumi · · 6 min read SK hynix debuts on Nasdaq under SKHY in a ~$29B ADR offering, the largest-ever US listing by a foreign firm. The figures, the HBM context, and what to watch.
Kurumi · · 5 min read Market cap is share price times shares outstanding — the market's total price tag on a company. What it measures, what it misses, and why it matters.
Kurumi · · 4 min read A stock buyback is a company using cash to repurchase its own shares, shrinking the share count. How buybacks work, why firms do them, and the trade-offs.
Kurumi · · 5 min read SemiAnalysis says Nvidia's Kyber NVL144 rack slipped to 2028 on a PCB midplane snag. Nvidia calls its roadmap 'intact.' Here's the report, the denial, and the stakes.
Kurumi · · 10 min read Samsung posted record Q2 operating profit up nearly 19x, yet chip stocks fell as Micron, Intel and AMD dropped on AI-demand and memory-price fears. What happened.
Kurumi · · 5 min read The P/E ratio divides a stock's price by its earnings per share — a quick gauge of how much investors pay per dollar of profit. How to read it and its limits.
Kurumi · · 5 min read Nvidia is up just 3.2% in 2026 while Micron gained 304% and AMD 171%. Custom ASICs and memory are leading the chip rally instead. Here's what changed and what to watch.
Kurumi · · 12 min read Samsung posted a record 89.4 trillion won Q2 operating profit, up 19-fold, as AI memory and HBM demand made it tech's most profitable quarter.
Kurumi · · 5 min read Agility Robotics is going public via a $2.5B SPAC merger with Churchill Capital Corp XI, raising over $620M to scale its Digit humanoid. Deal terms and outlook.
Kurumi · · 6 min read OpenAI is in early talks to hand the U.S. government a 5% stake worth about $42.6 billion. Here's the proposal, the Alaska-fund model, and the pushback.
Kurumi · · 5 min read Global venture funding hit a record $510B in the first half of 2026. OpenAI and Anthropic alone took 43%, and AI drew more than 70% of Q2 capital.
Kurumi · · 6 min read Together AI raised $800M at an $8.3B valuation, led by Aramco Ventures, as enterprises shift toward open models. What the neocloud raise means.
Kurumi · · 4 min read AI chip stocks tumbled in early July 2026 as the SOX fell 6.7% and Korea's Kospi plunged 7.9%. Here's what triggered the sell-off and what to watch next.
Kurumi · · 4 min read Humanoid robots are arriving with $20,000 price tags and rental plans. What a robot worker really costs to build and run — and when it beats a human wage.
Kurumi · · 4 min read AI ambition is measured in gigawatts. What one actually costs to build and power for a year — a back-of-the-envelope teardown of tech's priciest machine.
Kurumi · · 4 min read Qualcomm's Investor Day put real names behind its data center push — a 250-core Dragonfly CPU, Meta and Microsoft as anchors, and a $15B revenue target.
Kurumi · · 3 min read Hyperscalers are pouring record sums into AI data centers, chips, and power. What's driving the capex boom, who profits, and the risk if demand stalls.
Kurumi · · 2 min read Micron has whipsawed in 2026 — record highs on AI memory demand, sharp drops on rate fears, AI-capex doubts, and a Google compression breakthrough. What's moving it.
Kurumi · · 3 min read Micron and Anthropic signed a four-pillar agreement — memory co-design, a multi-year supply deal, Claude adoption, and a Series H investment. Here's what it means.
Kurumi · · 6 min read The AI memory supercycle, explained: why HBM demand outran supply, how DRAM pricing turned, what could end the boom, and what it means for chip stocks.
Kurumi · · 2 min read Samsung, SK Hynix, and Micron are racing to mass-produce HBM4 and win NVIDIA's orders. Inside the next phase of the memory supercycle — and who's ahead.
Kurumi · · 2 min read Anthropic confidentially filed to go public, reportedly valued near $965B with about $47B in annualized revenue. Here's what the Claude maker's debut could mean.
