Markets

Broadcom’s Jericho4 Ethernet fabric router interconnects distributed AI computing clusters across distances exceeding 100km, addressing AI compute bottlenecks. It supports over a million XPUs across geographically dispersed data centers, featuring a HyperPort interface with up to 36,000 ports and 3.2 Tbps bandwidth each. Jericho4 extends RDMA over Converged Ethernet (RoCE) support and integrates line-rate MACsec encryption. Adhering to UEC specifications and utilizing standard Ethernet packets, it simplifies integration and improves bandwidth utilization by up to 70%.

Tesla has filed paperwork revealing a potential $29 billion stock option package for CEO Elon Musk. This “interim award” aims to secure Musk’s leadership as Tesla shifts towards autonomous vehicles and robotics. The move follows a Delaware court’s rescission of Musk’s 2018 compensation plan, now under appeal. The new grant, structured to avoid double compensation, would increase Musk’s stake in Tesla if the Delaware ruling stands and he remains an executive for two years. Analysts view it as a signal of confidence in Musk’s ability to guide Tesla’s strategic evolution.

Praxis Precision Medicines (PRAX) CEO Marcio Souza will participate in a virtual fireside chat hosted by Truist Securities analyst Joon Lee on August 5, 2025, at 10:00 AM EST. The company focuses on developing therapies for central nervous system (CNS) disorders, specifically targeting neuronal excitation-inhibition imbalance using their Cerebrum™ and Solidus™ platforms. Praxis has a diversified CNS portfolio with four product candidates in clinical development.

China’s Ministry of State Security warns of “data poisoning” as a critical threat to AI. Inaccurate, fabricated, and biased data corrupt AI training datasets, leading to flawed models and security risks. Even minimal data contamination (0.01% fabricated text) can significantly increase harmful content generation (11.2%). The proliferation of AI-generated content further amplifies the issue, creating a “post-contamination legacy”. Authorities highlight dangers in finance, public safety, and healthcare, where data manipulation can trigger market volatility, social panic, and incorrect medical advice.

Pacific Green Technologies (PGTK) secured a 10-year agreement with ZEN Energy for 1.5GWh of battery storage across three Australian states. This expands PGTK’s Australian project portfolio to 7GWh, building on an existing 500MWh agreement. The partnership aims to support ZEN’s commercial and industrial clients and manage energy transition volatility. CEO’s from Pacific Green and Zen highlight the strategic importance of storage and the partnership’s role in enabling them to support sustainability goals.

New Mountain Finance Corporation (NMFC) reported Q2 2025 net investment income of $0.32 per share and declared a Q3 distribution of $0.32 per share. The net asset value was $12.21 per share, down from $12.45 in the previous quarter. Approximately 95% of the portfolio is internally rated green. NMFC increased its senior-oriented asset mix to 78% and repurchased $9.6 million of shares. The company also received a third SBIC license. The investment portfolio stood at $3,014.2 million across 124 companies.

Magnera Corporation (NYSE: MAGN) will participate in the 2025 UBS Global Materials Conference in New York City on September 3, 2025. CEO Curt Begle, CFO Jim Till, and EVP Robert Weilminster will engage with investors through one-on-one consultations and small group meetings. Magnera is a materials solutions provider serving over 1,000 customers globally with a diverse portfolio including components for hygiene products, building and construction, and the food & beverage industry. The company operates 46 global production facilities and employs over 9,000 people.

Optex Systems Holdings (OPXS) will release its fiscal 2025 third-quarter financial results on August 12, 2025, followed by an earnings conference call. The company, a manufacturer of precision optical sighting systems for military and commercial applications, will make the earnings release available on its investor relations website. Optex’s products are used in U.S. military vehicles and also include periscopes and rifle sights.

On August 4th, a 10-year-old girl in Ningqiang County, Shaanxi, China, became trapped in a postal station’s high-speed conveyor belt while playing. Her arm was pulled into the machinery, suspending her in the air. Firefighters successfully rescued her in a 14-minute operation using hydraulic tools. The girl was then transported to a hospital; her condition is unknown. Authorities urge increased parental supervision and stricter safety measures in logistics environments, including protective barriers and warning signs around hazardous machinery.

AMD is set to release its Q2 earnings, anticipating strong results and potentially record-breaking revenue. The company is projected to generate approximately $32 billion in revenue this year, nearing Intel’s level for the first time. While Intel’s Q2 revenue was $12.9 billion, its profitability declined, leading to reduced full-year guidance. AMD’s stock performance is strong, with market capitalization exceeding $280 billion, while Intel’s remains around $80 billion. AMD’s revenue is now more than half of Intel’s, a significant shift given AMD’s reliance on external foundries.