American cloud software firm shaping enterprise workflows
Dashlane reports a coordinated brute-force attack targeted its device-enrollment API, leading to the unauthorized download of fewer than 20 encrypted password vaults. The company has notified affected users and says others are unaffected. The incident highlights vulnerabilities in 2FA enrollment and rapid credential access.
SK Hynix has raised $26.5bn by selling 177.9m American depositary receipts at $149 each, in the largest-ever US share sale by a foreign company. Its ADRs have begun trading on Nasdaq under temporary ticker SKHYV and will convert to SKHY; the company is using proceeds to expand fabs, packaging and EUV capacity as AI-driven memory demand surges.
IBM has reported a disappointing second-quarter revenue of $17.2 billion, missing expectations and signaling a shift in corporate spending toward infrastructure and cybersecurity. The stock has fallen roughly 25% in a single session, threatening margins and prompting market participants to seek further downside protection.
IBM has warned of a performance shortfall as customers reallocate budgets toward AI infrastructure and cybersecurity. The miss comes ahead of a Q2 earnings call, with executives noting a shift in spending to servers, storage, and memory and delaying large deals.
US stocks have regained some ground after a day of whipsaw trading as Moonshot unveils Kimi K3, a 2.8-trillion-parameter model that rivals top OpenAI and Anthropic offerings. Apple briefly tops Nvidia in value, while chipmakers retreat on concerns over AI spend. Markets are parsing the implications for AI capex and the broader tech sector.
Brent crude climbs above $90 a barrel as US strikes Iran and tensions in the Middle East flare. Analysts say prices remain volatile as ships in the Strait of Hormuz face disruption.