Nvidia has published its first benchmark results for Groq 3-based LPX racks, pointing to a sizable performance edge. Each Groq 3 LPU carries just 500 MB of memory, yet a 31B-parameter dense model can be distributed to fit within a single rack—roughly in line with the active-parameter counts seen in much larger models such as DeepSeek V3. The figures are being framed as early validation of Nvidia’s $20 billion acquisition bet on Groq’s LPU technology.

Taiwan Semiconductor Manufacturing Co. is investing another $100 billion to expand its north Phoenix wafer-fab complex, a project that uses 4.75 million gallons of water per day. The company says its onsite system currently recycles 65% of that intake—about 3.5 million gallons daily—and it aims to lift reuse to 90% or more by 2028. The unrecycled portion has raised questions from residents and water policy experts about long-term supply in a desert region facing Colorado River cuts.

U.S. stocks were mixed, with the Dow Jones Industrial Average higher while other major indexes fell. The moves followed tough comments from President Trump about Canada, fueling worries over U.S.-Canada trade ties. Technology shares came under pressure, with Micron Technology and Nvidia posting sharp declines.

U.S. stocks were mixed, with the S&P 500 down 0.43%, the Nasdaq 100 off 1.41%, and the Dow up 0.19%. Weakness in chipmakers and AI infrastructure shares pressured the broader market. Sentiment also weakened after U.S.-Canada trade talks broke down and the U.S. imposed a 50% tariff on about $20 billion of Canadian goods. Crude oil fell more than 2%, helping pull inflation expectations and bond yields lower, with the 10-year Treasury yield easing to 4.71%.

Intel shares have risen about 140% in 2026. Wedbush analyst Matt Bryson said the price of Intel’s Arc Pro B70 workstation GPU has increased by as much as 48% across markets in roughly one month. Intel reported second-quarter revenue of $16.13 billion, up 25.4% year over year, with EPS of $0.42. Data Center and AI revenue jumped 59% to $6.26 billion, while Intel Foundry revenue rose 31% to $5.77 billion.

Global gold ETFs posted net inflows for a fifth consecutive week, with $6.38 billion added over the week, including $4.37 billion into the U.S. and $1.07 billion into the UK. Gold has rallied recently, up nearly 15% over the past month and 6% over the past week, trading at $4,676 an ounce. Year-to-date net inflows into gold ETFs have reached $2.6 billion.

Alibaba’s June-quarter revenue rose 9% year on year to about 269 billion yuan, while net income fell 75% to 10.5 billion yuan. Capital spending jumped 75% to 67.68 billion yuan, largely tied to GPU purchases, and free cash flow widened to a 44.7 billion yuan outflow from a 18.8 billion yuan outflow a year earlier. The company plans to sell $10.2 billion of stock to fund AI investment, while buybacks shrank 92% year on year to $956 million.

California Attorney General Rob Bonta called off settlement talks involving Paramount and Warner Bros. Discovery, accusing the company of “playing games.” Bonta and a dozen other attorneys general have already filed an antitrust lawsuit seeking to block the merger. If the deal is derailed, it could trigger divestitures of Warner Bros. assets and rack up more than $1 billion in “tickingclock” fees ahead of a March trial.