Markets

Nvidia’s market cap has reached $3.77 trillion, making it the world’s most valuable company. Loop Capital analyst Ananda Baruah forecasts a $6 trillion market cap, setting a $250 per share price target, driven by the “golden wave” of AI adoption. He projects $2 trillion in spending on AI by 2028, with hyperscale cloud providers shifting to non-CPU computing (50-60% by year-end) and the upcoming Blackwell chip production fueling further growth.

IDEAYA Biosciences announced stock option grants to a new employee. The company awarded 95,600 shares at $22.29 per share under its 2023 plan, aiming to attract talent. Options vest over four years, with 25% vesting after the first year. IDEAYA, a precision medicine oncology company, focuses on targeted therapies based on molecular diagnostics and synthetic lethality approaches.

Hundreds of printer models, especially those from Brother, are vulnerable to attacks due to flaws in their administrator password systems. Eight vulnerabilities have been discovered, with the most severe (9.8 rating) impacting Brother printers. Attackers could remotely control these printers, potentially executing code and exposing sensitive data. Firmware updates may not fully resolve all issues, necessitating future hardware generations.

Kirsty Coventry, the new IOC President, announced significant changes. She revealed a comprehensive review of the Olympic bidding process, aiming for member involvement and learning from future Games. Furthermore, the IOC will re-examine eligibility standards for women’s competitions, particularly regarding transgender athletes, to ensure the protection of women’s events. These moves signal a shift in the organization’s approach to key issues.

TotalEnergies acquires Moeve’s 25% stake in Suriname’s Block 53, partnering with APA and Petronas. Strategically located near Block 58 and the Baja-1 discovery, the move aims to unlock new resources for the GranMorgu project, leveraging infrastructure for further development and solidifying TotalEnergies’ position in the region’s deepwater oil and gas sector. Javier Rielo emphasizes expanded production potential.

Rumors circulated online about “Feng,” a former Xiaomi executive, leading to speculation about demanding contracts. Xiaomi responded, clarifying that “Feng” was employed for two months in 2016 as a cafeteria worker, responsible for chopping vegetables, not an executive. He was terminated for absenteeism. The official statement debunked the rumors, generating amusement and surprise among social media users.

Xiaomi’s YU7 electric vehicle achieved record-breaking pre-orders, triggering heated debate. A competitor’s executive criticized the overwhelming demand, predicting long delivery delays and questioning the marketing tactics. The now-deleted criticism backfired, sparking backlash and calls for a boycott. This incident highlights the fierce competition in the EV market and underscores the challenges legacy automakers face against aggressive newcomers.

JD.com’s food delivery service, JD Delivery, has significantly expanded its reach, serving over 15,000 corporate clients with a daily order volume exceeding 25 million. Holding a 31% market share, and 45% in the premium segment, the service operates in 350 cities, offering 1.5 million restaurant options. Partnerships with major firms provide corporate meal solutions. Nearly 70% of businesses become formal partners within a month, with weekly enterprise meal solution partnerships increasing tenfold in June. User subsidies further enhance the offering.

Endeavour Mining announced a share buyback on June 27, 2025, purchasing 1,000 shares from Stifel Nicolaus Europe Limited on June 26, 2025, at a price of 2,250.00 GBp per share. This action, part of a previously announced buyback program, reflects the company’s commitment to shareholder value and optimizing its capital structure. Following this, the company will have 241,854,962 ordinary shares in issue.

A man in Wuhan, China, faces criminal charges for vandalizing parked vehicles after being caught by a car’s “sentry mode.” The act, fueled by personal grievances, led to his swift apprehension. Already on probation for a similar offense, he is now charged with “picking quarrels and provoking trouble,” with potential penalties ranging from fines and detention, to several years in prison depending on the damage inflicted. The case underscores the legal consequences of property damage and the role of technology in modern surveillance.