Nasdaq’s Worst Day Since April 2025

STARTUPS / BUSINESS • YESTERDAY

Nasdaq Falls 5.5% as Chip Stocks Lead the Worst Selloff Since April 2025

The Nasdaq fell 5.5% on Thursday, its worst day since April 2025, CNBC reports. The S&P 500 lost 4.4%. The Dow dropped 1,833 points, or 3.4%, to 51,523.

Chips took the worst of it. Nvidia fell 9.3% and AMD fell 17.3%. Micron lost about 17.5%. Reuters and CNBC point to doubts about AI data-center spending, plus fears that Tuesday's midterm results could slow new projects. Those fears are the market's reading, not a proven cause.

If you own index funds, you own a lot of these names. Check your chip exposure before Monday's open. One bad day isn't a trend, but it shows how crowded the trade is.

Sources: CNBC, Reuters, Yahoo Finance

ROBOTICS / HARDWARE • YESTERDAY

Agility Robotics Starts Trading at a $2.5 Billion Deal Value on $1.8 Million of Sales

Agility Robotics began trading on Nasdaq on Thursday as AGLT. It opened at $11.26 against a $10 deal price. The humanoid robot maker merged with Churchill Capital Corp XI. Deal terms valued its equity at about $2.5 billion.

Filings show 2025 revenue of about $1.8 million and a net loss of $138.1 million, Forbes reports. It also cites more than $300 million in Digit 5 orders that depend on contract milestones. That price is a bet on future orders, not today's sales.

Sources: Forbes, TechTimes

ENERGY / CLIMATE TECH • YESTERDAY

Google Plans a $17 Billion Wyoming Data Center Powered by Gas-Fed Fuel Cells

Google announced a $17 billion long-term investment in Wyoming on Thursday. Its first data center there sits in Laramie County. Bloom Energy fuel cells will supply 702 megawatts.

The fuel cells run on natural gas. Carbon capture will trap a large majority of the emissions, and Tallgrass will store the CO2 underground. Google also promised a community council and property taxes. AEP's fuel cell deal was reported earlier. The data center is new.

Voters pushed back on data centers this week. Google is offering its own power and local payments to win neighbors over.

Sources: Quartz, Interesting Engineering

PRODUCTS / LAUNCHES • YESTERDAY

ChatGPT Images 2.6 Adds Animated GIFs and Reusable Reference Photos

OpenAI announced ChatGPT Images 2.6 on Thursday, a day after the rollout began. It makes animated GIFs, and you can adjust the speed and edit frames. It also saves reference images of you, your pet or a character so you can reuse them.

OpenAI says two new image models, Flare and Sunburst, are coming to its API. If you make social posts or product mockups, open the app and try the GIF tool this week.

Sources: OpenAI, AI Weekly

AI / MACHINE LEARNING • YESTERDAY

OpenAI Launches GPT-6 Cyber and Says It Found 81 New Firefox Bugs

OpenAI launched GPT-6 Cyber on Thursday. The company says it found 81 previously unknown high-severity bugs in Firefox, and Mozilla has started shipping fixes. It also built working exploits for 948 Linux kernel vulnerabilities, 588 of them previously unknown.

Access is limited. Approved Daybreak Red customers get it through the API and Codex, with a wider rollout over the coming weeks, CSO Online reports. OpenAI gives it its highest risk rating. These results are OpenAI's own. Nobody has verified them independently. Update Firefox and your Linux kernels this week.

Sources: OpenAI, CSO Online

CRYPTO / WEB3 • YESTERDAY

Bitcoin Drops 6% to About $75,700 as Over $1 Billion in Bets Get Wiped Out

Bitcoin fell about 6% to roughly $75,700 on Thursday after it climbed back above $80,000 a day earlier. Ether fell more than 7%, to about $2,250.

More than $1 billion in crypto positions were liquidated in 24 hours, per CoinGlass data. Most were long bets. Spot Bitcoin ETFs saw more than $1.1 billion in outflows over three sessions, the Motley Fool reports. Traders are watching $75,000 to $76,000 as the level to hold. If you trade crypto on margin, check your liquidation price today.

Sources: Motley Fool, FinanceFeeds, CoinGlass

ROBOTICS / HARDWARE • YESTERDAY

Zipline Raises $1.5 Billion to Put Drone Delivery at 300 More Walmart Sites

Zipline raised $1.5 billion at a $21.5 billion valuation on Thursday, TechCrunch reports. In January, Zipline was valued at $7.6 billion. Walmart signed a multiyear deal covering 300 more delivery sites.

This June explainer from the S3 channel shows how Zipline's home drone delivers to a backyard. It predates the funding news. If you live near a Walmart, expect drone drop-offs to spread.

► Watch the video

Sources: TechCrunch, DroneXL, S3 on YouTube